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Precision Medical Center | 7.25% Cap 1540 Business Center Dr 10,197 SF 100% Leased Office Building Orange Park, FL 32003 $3,173,785 ($311.25/SF) 7.25% Cap Rate

Office Spaces Florida 1540 Business Center Dr, Orange Park, FL 32003

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Investment Highlights

  • Commitment to Location – All three tenants recently executed new lease agreements, demonstrating long-term commitment to the property
  • Strong Local Operators – Precision Imaging and North Florida Eye Surgeons are established multi-location healthcare providers
  • “Hands-Off” Investment Structure – All tenants operate under net lease structures, with approximately 80% of the rent roll structured as NNN leases
  • Sticky Tenancy – The property’s tenants have made substantial investments in specialized healthcare buildouts and operational infrastructure
  • Recession-Resistant – The property is occupied by healthcare and wellness-oriented tenants providing essential and recurring outpatient services
  • Hedge Against Inflation – All tenants feature annual rental increases, with more than 80% of the rent roll

Executive Summary

100% occupied multi-tenant medical office investment featuring Precision Imaging Centers, North Florida Eye Surgeons, and Bella Lei Aesthetics. The property benefits from recently extended leases, a predominantly net lease structure that minimizes landlord responsibilities, annual rent increases, and significant tenant investment in specialized medical buildouts. Located in affluent Fleming Island within the Jacksonville MSA, the asset offers stable cash flow, limited landlord responsibilities, and strong long-term healthcare real estate fundamentals.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
10,197 SF
Building Class
B
Year Built
1998
Price
$3,173,785
Price Per SF
$311.25
Cap Rate
7.25%
NOI
$230,099
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,197 SF
Building FAR
0.24
Lot Size
0.97 AC
Zoning
PUD - PUD Zoning (Clay County) – Flexible mixed-use zoning allowing coordinated development with up to 40% site coverage, subject to approved PUD standards.
Parking
34 Spaces (3.33 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Bella Lei Aesthetics & Optimal Wellness
  • Services
  • -
  • -
  • -
  • -
  • Medical Imaging Partnership
  • Health Care and Social Assistance
  • -
  • -
  • Modified Gross
  • -
  • Mercy Support Services, Inc.
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • North FL Eye Surgeons
  • -
  • -
  • $19.00
  • Triple Net
  • -
  • Precision Images Center
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Precision Imaging Centers began serving Florida's healthcare needs through advanced diagnostic imaging solutions. The company operates multiple facilities across Northeast Florida, including Jacksonville and St. Augustine. They provide comprehensive imaging services like MRI scans, CT scans, 3D mammography, and ultrasound. Their centers emphasize patient comfort with spa-like environments. Precision Imaging has become a trusted provider for physicians needing reliable imaging services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Bella Lei Aesthetics & Optimal Wellness Services - - - -
Medical Imaging Partnership Health Care and Social Assistance - - Modified Gross -
Mercy Support Services, Inc. Health Care and Social Assistance - - - -
North FL Eye Surgeons - - $19.00 Triple Net -
Precision Images Center Professional, Scientific, and Technical Services - - - -
Health Care and Social Assistance - - - -

Links

1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Source: Local Logic®

Property Taxes

Parcel Number 32-04-26-021262-006-32 Improvements Assessment $1,281,191
Land Assessment $579,054 Total Assessment $1,860,245

Property Taxes

Parcel Number
32-04-26-021262-006-32
Land Assessment
$579,054
Improvements Assessment
$1,281,191
Total Assessment
$1,860,245
(954) 295-4534

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41013372

  • Date on Market: 6/22/2026

  • Last Updated:

  • Address: 1540 Business Center Dr, Orange Park, FL 32003

The Office Property at 1540 Business Center Dr, Orange Park, FL 32003 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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Precision Medical Center | 7.25% Cap | 1540 Business Center Dr

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