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1715 Village Way Medical Office 1715 Village Way 5,377 SF Office Building Orange Park, FL 32073 $1,200,000 ($223.17/SF) 7.52% Cap Rate
Executive Summary
- Stabilized Stream: Anchored by Florida Physician Specialist, LLC through late 2027 under a Triple Net (NNN) lease structure, minimizing landlord expense exposure.
- Desirable Medical Zoning: Zoned CPO (Commercial Professional Office), making it ideal for medical, clinical, or professional services looking for a dedicated footprint.
- Strong Financials: Priced at an attractive $1,200,000, yielding a strong $90,300 Net Operating Income (NOI) at a competitive 8.0% cap rate.
- Desirable Medical Zoning: Zoned CPO (Commercial Professional Office), making it ideal for medical, clinical, or professional services looking for a dedicated footprint.
- Strong Financials: Priced at an attractive $1,200,000, yielding a strong $90,300 Net Operating Income (NOI) at a competitive 8.0% cap rate.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,377 SF
Building Class
B
Year Built/Renovated
1992/2002
Price
$1,200,000
Price Per SF
$223.17
Cap Rate
7.52%
NOI
$90,300
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,377 SF
Building FAR
0.15
Lot Size
0.84 AC
Zoning
CPO
Parking
22 Spaces (4.09 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Florida Physician Specialist, LLC
- Health Care and Social Assistance
- 3,698 SF
- -
- Triple Net
- Dec 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Florida Physician Specialist, LLC | Health Care and Social Assistance | 3,698 SF | - | Triple Net | Dec 2027 |
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Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 41-04-26-019509-000-00 | Improvements Assessment | $618,605 |
| Land Assessment | $246,645 | Total Assessment | $865,250 |
Property Taxes
Parcel Number
41-04-26-019509-000-00
Land Assessment
$246,645
Improvements Assessment
$618,605
Total Assessment
$865,250
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