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
Description
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
More Information MLS# 1036246
Contract Information
Current Price: $4,231,164
Sold Price: $4,231,164
Status: Closed
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
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: 1
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
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
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
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
Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Last Updated: January - 29 - 2025
Information deemed reliable but not guaranteed.