1211 ST JOHNS BLUFF Road N, Jacksonville, FL 32225
$4,231,164
Property Type:
Commercial Sale
Square Footage:
7,913
Lot Size (sq. ft.):
64,904
Status:
Closed
Current Price:
$4,231,164
List Date:
5/01/2020
Last Modified:
1/29/2025
Overview
Description
Listing Details MLS# 1036246
General Property Information
- Building Area Total
- 7913
- Building Area Source
- Public Records
- Year Built
- 2016
- Building Name
- Fresenius Kidney Car
- Lot Size Acres
- 1.49
- Water Body Access YN
- No
- Waterfront YN
- No
- Stories Total
- Yes
- Directions
- Atlantic Blvd to North on ST JOHNS BLUFF and property is on the right
- Public Remarks
- TURN KEY OPPORTUNITY FOR INVESTORS! - CAP RATE: 5.73% - NOI: $283,488 - 11.5 years Remaining in a 15 year NNN lease. The subject offering is 100% fee simple interest, tenant is Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. Jacksonville has the fastest growing demand for kidney treatment in the nation. MINIMAL LANDLORD OBLIGATIONS. The tenant has 1.7% annual increases in rent and three 5 year options to renew. Each of the three options rent increases by 10%. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville Florida. It consists of 12 chairs/stations serving at FULL capacity. 15 year roof warranty. Open 6 days/week. See documents for annual rent schedule. See mls#1036247 for a 2nd building for sale
- List Price/SqFt
- 625.55
- Sold Price/SqFt
- 534.71
Property Features
Business Type:
Professional/Office
Construction Materials:
Frame; Stucco
Current Use:
Commercial; Office
Electric:
Generator
Heating:
Electric; Heat Pump
Listing Terms:
Conventional; Private Financing Available
Operating Expense Includes:
Accounting; Legal
Owner Pays:
Exterior Maintenance; Roof Maintenance
Parking Features:
Guest; Parking Lot
Possession:
Subject To Tenant Rights
Security Features:
Security Lights
Sewer:
Public Sewer
Tenant Pays:
All Utilities; Insurance; Janitorial Service; Taxes
Utilities:
Cable Available; Separate Electric Meters
Water Source:
Public
Contract Information
- Listing Contract Date
- 2020-02-02
- Property Sub Type
- Mixed Use
Location Tax and Legal
- Street Number
- 1211
- Street Name
- ST JOHNS BLUFF
- Street Suffix
- Road
- Street Direction Suffix
- N
- County
- Duval
- State
- FL
- Postal Code
- 32225
- MLS Area Major
- 042-Ft Caroline
Status Change Information
- Major Change Timestamp
- 2020-06-19T17:13:01Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2020-06-11
- Close Date
- 2020-06-19
- Close Price
- 4231164
Income and Expenses
- Gross Scheduled Income
- 288305
- Net Operating Income
- 288305
More Information
Historical Information
- Public Historical Remarks 1
- Road Surface: Asphalt Road, Wet Sprinkler System: Y, Possible Financing-1031 Exchange: Y, Tenant Expenses-Signage: Y, Approx. Total SqFt: 7131.00, Number of Units: 1 - 4 Units
- Public Historical Remarks 2
- Lot Location-Urban/City: Y, Occupancy Rate: 100, Max Base Lease Rate: 341242, Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
- Public Historical Remarks 3
- Current Zoning: IBP
Location, Tax, and Legal
- Parcel Number
- 1618010000
Construction Materials
- Frame
- Yes
- Stucco
- Yes
Current Use
- Commercial
- Yes
- Office
- Yes
Electric
- Generator
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Listing Terms
- Conventional
- Yes
- Private Financing Available
- Yes
Owner Pays
- Exterior Maintenance
- Yes
- Roof Maintenance
- Yes
Parking Features
- Guest
- Yes
- Parking Lot
- Yes
Possession
- Subject To Tenant Rights
- Yes
Security Features
- Security Lights
- Yes
Sewer
- Public Sewer
- Yes
Tenant Pays
- All Utilities
- Yes
- Insurance
- Yes
- Janitorial Service
- Yes
- Taxes
- Yes
Utilities
- Cable Available
- Yes
- Separate Electric Meters
- Yes
Water Source
- Public
- Yes
Business Type
- Professional/Office
- Yes
Operating Expense Includes
- Accounting
- Yes
- Legal
- Yes
Listing Office:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Last Updated: January - 29 - 2025
Information deemed reliable but not guaranteed.
