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
Description
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
Supplements: fo
More Information MLS# 1036247
Contract Information
Current Price: $5,361,134
Sold Price: $5,361,134
Status: Closed
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
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: 1
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
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
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
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
Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Last Updated: January - 29 - 2025
Information deemed reliable but not guaranteed.