3107 EDGEWOOD Avenue W, Jacksonville, FL 32209
$5,361,134
Property Type:
Commercial Sale
Square Footage:
9,119
Lot Size (sq. ft.):
71,438
Status:
Closed
Current Price:
$5,361,134
List Date:
5/01/2020
Last Modified:
1/29/2025
Overview
Description
Supplements:
Listing Details MLS# 1036247
General Property Information
- Building Area Total
- 9119
- Building Area Source
- Public Records
- Year Built
- 2016
- Building Name
- Fresenius Kidney Car
- Lot Size Acres
- 1.64
- Water Body Access YN
- No
- Waterfront YN
- No
- Stories Total
- Yes
- Directions
- From Interstate 95 take US 1 north to right on Edgewood Ave W. The clinic will be on your left
- Public Remarks
- TURN KEY OPPORTUNITY FOR INVESTORS! - 11 Years Remaining in 15 year lease - NNN Lease - CAP RATE: 5.94% -NOI: $359,196 Subject offering is a fee simple interest, leased to Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. The demand for dialysis is growing faster in Jacksonville, FL then anywhere else in the nation. Minimal landlord obligations. The tenant has 1.7% annual increases in rent & three 5 year options to renew. Each of the 3 options rent increases by 10%. There is a 15 year roof warranty. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville FL. It consists of 17 chairs/stations serving between 90 - 110 patients. The facility was at capacity within 18 months. See mls#1036246 for 2nd building fo
- List Price/SqFt
- 663.45
- Sold Price/SqFt
- 587.91
Property Features
Business Type:
Professional/Office
Construction Materials:
Frame; Stucco
Current Use:
Commercial; Office
Heating:
Central; Electric; Heat Pump
Listing Terms:
Cash; Conventional; Private Financing Available
Operating Expense Includes:
Accounting; Legal
Owner Pays:
Exterior Maintenance; Roof Maintenance
Parking Features:
Guest; Parking Lot; Secured
Possession:
Subject To Tenant Rights
Security Features:
Security Lights
Sewer:
Public Sewer
Tenant Pays:
All Utilities; Insurance; Janitorial Service; Taxes
Utilities:
Cable Connected; 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
- 3107
- Street Name
- EDGEWOOD
- Street Suffix
- Avenue
- Street Direction Suffix
- W
- County
- Duval
- State
- FL
- Postal Code
- 32209
- MLS Area Major
- 075-Trout River/College Park/Ribault Manor
Status Change Information
- Major Change Timestamp
- 2020-06-19T17:12:09Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2020-06-11
- Close Date
- 2020-06-19
- Close Price
- 5361134
Building Features
- Asbestos Present
- No
- Building Class
- A
- Environmental Audit
- Y
- Max Parking Space Available
- 100
More Information
Income and Expenses
- Gross Scheduled Income
- 359195
Historical Information
- Public Historical Remarks 1
- Road Surface: Asphalt Road, Possible Financing-1031 Exchange: Y, Lot Location-Free Standing: Y, Tenant Expenses-Signage: Y, Approx. Total SqFt: 8315.00, Number of Units: 1 - 4 Units
- Public Historical Remarks 2
- Occupancy Rate: 100, Max Base Lease Rate: 425148, Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
- Public Historical Remarks 3
- Current Zoning: CCG-1
Listing Office:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Last Updated: January - 29 - 2025
Information deemed reliable but not guaranteed.
