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Historic Springfield Office Building 1128 N Laura St 7,697 SF 53% Leased Office Building Jacksonville, FL 32206 $1,625,000 ($211.12/SF) 8.49% Cap Rate
INVESTMENT HIGHLIGHTS
- 7,697 Rentable Square Foot Office/Medical Building
- Close Proximity to the Central Business District (CBD) and Located Blocks Away From the Florida State College of Jacksonville (FSCJ)
- 26 Paved On-Site Parking Spaces Plus Additional No-Charge Street Parking
- Value-Add Opportunity | Currently 53% Occupied by Wellview Care, Inc Paying Below Market Rent (Their Lease Contains 3.5% Annual Rent Increases)
- Brand New Roof in 2019 | 10-Year Transferable Warranty
- Direct Frontage & Prominent Façade Signage Along Laura Ave
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
± 3,652 Suite located on North Laura Avenue, a main artery into Jacksonville’s bustling Central Business District. Just minutes from the vibrant Springfield District, nationally recognized for its commercial growth and housing demand and strategically positioned between UF Health Jacksonville (1 mi) and Baptist Medical Center (1.6 mi). Situated in densely populated area, population of 202,212 within a 5-mile radius & experiencing continued abundant growth. Convenient on-site parking lot with 26 spaces and additional no-charge street parking along Laura Avenue with prominent Building façade signage facing N Laura Avenue available. This property is directly adjacent to all the new development happening on the corner of Main Street. New apartment complex and retail space coming online this year. This unit is in need of some loving. Owner is willing to offer rent abatement or TI credits in order to offset project overhead.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 200 | 3,652 SF | Office/Medical | Partial Build-Out | Now |
1st Fl-Ste 200
| Size |
| 3,652 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 200
| Size | 3,652 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
± 3,652 Suite located on North Laura Avenue, a main artery into Jacksonville’s bustling Central Business District. Just minutes from the vibrant Springfield District, nationally recognized for its commercial growth and housing demand and strategically positioned between UF Health Jacksonville (1 mi) and Baptist Medical Center (1.6 mi). Situated in densely populated area, population of 202,212 within a 5-mile radius & experiencing continued abundant growth. Convenient on-site parking lot with 26 spaces and additional no-charge street parking along Laura Avenue with prominent Building façade signage facing N Laura Avenue available. This property is directly adjacent to all the new development happening on the corner of Main Street. New apartment complex and retail space coming online this year. This unit is in need of some loving. Owner is willing to offer rent abatement or TI credits in order to offset project overhead.
PROPERTY TAXES
| Parcel Number | 070823-0000 | Improvements Assessment | $708,306 |
| Land Assessment | $4,994 | Total Assessment | $713,300 |
PROPERTY TAXES
