Historical Office Sale Listing - Northside Medical Plaza

Office For Sale

This Office property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Office For Sale, Jacksonville, FL or Florida

Northside Medical Plaza

1215 Dunn Avenue, Jacksonville, FL 32206

N/A

68,000 SF | Office

  • Print

Northside Medical Plaza

Office Property - Off Market

Price:
N/A
Building Size:
68,000 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Cap Rate:
8.14%
Occupancy:
95%
No. Stories:
1
Building Class:
B
Tenancy:
Multiple
Year Built:
1982
Lot Size:
5.33 AC
Listing ID
14151933
Last Updated
over 1 year ago

Highlights

  • Anchor Tenant will Deliver New 7 Year NN Lease with 1.5% escalations
  • 8.14% CAP Rate on First Year's Income
  • CVS/Eckerds, Publix, Advance Auto, and Major Shopping all within 1/2 Mile
  • New Roof to be Delivered by Closing
  • 95% Occupied in High Traffic Retail Artery

Description

In addition to an opportunity to own two medical buildings (Arlington Medical Plaza and Northside Medical Plaza) in Jacksonville, FL totaling approximately 118,000 square feet, the anchor tenant will deliver a new 7 year NN lease with 1.5% annual escalations at closing. The anchor tenant, Florida Family Partners, has been practicing at both locations for years, and at the Arlington Building for 30 years. They have developed a strong and loyal patient base.
The building boats a 8.14% CAP rate on first year's actual NOI. Lease will be structured:
1. 31,800 square feet @ $23.00/sf
2. New 7 year NN lease, net of
parking.
3. 1.5% annual increases to lease

Property has high retail traffic as it is next to Publix, and other major national anchor tenants. Less than 5 minutes from Jacksonville International Airport and 15 minutes from downtown Jacksonville.
Less than 1 mile from the on ramp to I-95, the property has neighboring tenants such as Publix, CVS/Eckerds and Advance Auto. Less than 5 minutes from a new 1.3 Million square foot Mall to be delivered in 2006.

Map of 1215 Dunn Avenue, Jacksonville, FL 32206 (Duval County)

Research for 1215 Dunn Avenue, Jacksonville, FL 32206 (Duval County)

  • Demographics – Population, income & other demographics near 1215 Dunn Avenue
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

9 Photos
Deerwood Park Religious...
Deerwood Park Religious...
  • Jacksonville, FL
  • $8,495,000
  • 78,528 SF Bldg
7011 AC Skinner Parkway 7011 AC Skinner Parkway
  • Jacksonville, FL
  • $6,600,000
  • 59,448 SF Bldg
12 Photos
Southpoint Business Par...
Southpoint Business Par...
  • Jacksonville, FL
  • Price Not Disclosed
  • 62,413 SF Bldg
2 Photos
Executive Center bldg 8...
Executive Center bldg 8...
  • Jacksonville, FL
  • $4,000,000
  • 55,292 SF Bldg
3 Photos
The Executive Center bl...
The Executive Center bl...
  • Jacksonville, FL
  • $4,900,000
  • 55,292 SF Bldg
6 Photos
REGENCY EAST
REGENCY EAST
  • Jacksonville, FL
  • Price Not Disclosed
  • 53,760 SF Bldg
Operations/Data Center Operations/Data Center
  • Jacksonville, FL
  • $5,900,000
  • 76,248 SF Bldg
2 Photos
155 E 21st St
155 E 21st St
  • Jacksonville, FL
  • $8,900,000
  • 50,262 SF Bldg
Richard Street Industri... Richard Street Industri...
  • Jacksonville, FL
  • $2,500,000
  • 60,000 SF Bldg
Emerson Street Office C... Emerson Street Office C...
  • Jacksonville, FL
  • $4,500,000
  • 53,000 SF Bldg
           
Created 3/15/2005