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2344 3RD Street S, Jacksonville Beach, FL 32250

$2,550,000
Property Type: Commercial Sale Square Footage: 6,400 Lot Size (sq. ft.): 23,087 Status: Closed
Current Price: $2,550,000 List Date: 3/20/2022 Last Modified: 2/13/2025

Overview

Description

The Gryphon Net Lease Team at SVN First Coast Commercial is pleased to present this 100% NNN leased medical office investment, main tenant comprising 5,400SF is Ascension Health (St. Vincent's Ambulatory Care), with 4 years remaining. Small corner unit (1,000SF) is NNN leased to Seaside Consulting Psychotherapy Group, with 5 years remaining. Major renovations conducted for Ascension and SSCG in 2021. Tenants all have multiple options. Ascension has 2% escalators and SSCG have 3% escalators. Rare beach stabilized NNN opportunity. PROPERTY HIGHLIGHTS Stabilized NNN investment Corporate medical tenant, 2nd largest hospital operator in the US Recent ownership and tenant renovations ($134,000) and new sealcoat ($5,000+) Extremely strong household demographics.

Listing Details MLS# 1159135

General Property Information

Building Area Total
6400
Building Area Source
Public Records
Year Built
1984
Lot Size Acres
0.53
Water Body Access YN
No
Waterfront YN
No
Stories Total
Yes
Directions
From JTB - north on A1A to left just past Advance Auto Parts to 2344.
Public Remarks
The Gryphon Net Lease Team at SVN First Coast Commercial is pleased to present this 100% NNN leased medical office investment, main tenant comprising 5,400SF is Ascension Health (St. Vincent's Ambulatory Care), with 4 years remaining. Small corner unit (1,000SF) is NNN leased to Seaside Consulting Psychotherapy Group, with 5 years remaining. Major renovations conducted for Ascension and SSCG in 2021. Tenants all have multiple options. Ascension has 2% escalators and SSCG have 3% escalators. Rare beach stabilized NNN opportunity. PROPERTY HIGHLIGHTS Stabilized NNN investment Corporate medical tenant, 2nd largest hospital operator in the US Recent ownership and tenant renovations ($134,000) and new sealcoat ($5,000+) Extremely strong household demographics.
List Price/SqFt
389.84
Sold Price/SqFt
398.44

Property Features

Construction Materials: Concrete; Frame; Stucco Current Use: Commercial; Office Existing Lease Type: Net Heating: Central Listing Terms: Cash; Conventional Parking Features: Parking Lot; Unassigned Possession: Subject To Tenant Rights Roof: Metal Security Features: Security Lights Sewer: Public Sewer Utilities: Cable Connected; Separate Electric Meters; Other Water Source: Public

Contract Information

Listing Contract Date
2022-02-11
Property Sub Type
Mixed Use

Location Tax and Legal

Street Number
2344
Street Name
3RD
Street Suffix
Street
Street Direction Suffix
S
County
Duval
State
FL
Postal Code
32250
MLS Area Major
214-Jacksonville Beach-SW

Status Change Information

Major Change Timestamp
2022-04-07T16:08:31Z
Major Change Type
Status Change
Purchase Contract Date
2022-03-03
Close Date
2022-04-01
Close Price
2550000

Historical Information

Public Historical Remarks 1
Road Surface: Asphalt Road, Structure-Slab-on-Grade: Y, Approx. Total SqFt: 6528.00, Number of Units: 1 - 4 Units
Public Historical Remarks 2
Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3
Current Zoning: JC1

More Information

Location, Tax, and Legal

Parcel Number
1796011038

Construction Materials

Concrete
Yes
Frame
Yes
Stucco
Yes

Current Use

Commercial
Yes
Office
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Parking Lot
Yes
Unassigned
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Metal
Yes

Security Features

Security Lights
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Connected
Yes
Separate Electric Meters
Yes
Other
Yes

Water Source

Public
Yes

Existing Lease Type

Net
Yes
Listing Office: NON MLS (realMLS)
Source MLS Verified
Last Updated: February - 13 - 2025
Information deemed reliable but not guaranteed.

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