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16 St Johns Medical Pk Dr
Saint Augustine, FL 32086
 Millennium Physician Group · Office Property For Sale

Office Spaces Florida Saint Augustine 16 St Johns Medical Pk Dr, Saint Augustine, FL 32086

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Investment Highlights

  • The property features a newly executed 10-year lease with 2% annual rent increases, providing stable income growth and inflation protection.
  • The surrounding area is affluent with strong healthcare demand, supported by an aging population and above-average incomes.
  • Positioned near UF Health Flagler Hospital, the site offers strong medical synergy and referral potential.
  • This is a passive, hands-off investment with the tenant responsible for maintenance, taxes, and insurance.
  • Located in St. Johns County, the property benefits from over 60% population growth since 2010 and continued expansion.
  • Millennium Physician Group is a leading provider with 750+ healthcare professionals and 200+ locations, ensuring strong tenant credit.

Executive Summary

Broker of Record
Kyle Matthews
License # License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
6,640 SF
Building Class
A
Year Built/Renovated
1994/2005
Price
$1,985,853
Price Per SF
$299.07
Cap Rate
6.75%
NOI
$134,045
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,640 SF
Zoning
CG - Commercial - CG - Commercial

Links

Property Taxes

Parcel Number 172966-0700 Improvements Assessment $749,232
Land Assessment $336,495 Total Assessment $1,085,727

Property Taxes

Parcel Number
172966-0700
Land Assessment
$336,495
Improvements Assessment
$749,232
Total Assessment
$1,085,727
 

  • Listing ID: 40095425

  • Date on Market: 4/9/2026

  • Last Updated:

  • Address: 16 St Johns Medical Pk Dr, Saint Augustine, FL 32086

The Greater St Augustine Office Property at 16 St Johns Medical Pk Dr, Saint Augustine, FL 32086 is currently available. Contact Matthews Real Estate Investment Services for more information.

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