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1731 Wells Rd 43,681 SF 73% Leased Office Building Orange Park, FL 32073 For Sale 6% Cap Rate

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EXECUTIVE SUMMARY

43,381 RSF class A medical office building with the ability to expand by 6,000 usable square feet. Situated on a highly visible 4.42 acre hard corner and anchored by Physician Partners of America's 20 year$36NNN lease of the second floor with 4 OR fully licensed state of the art ambulatory surgery center. Also available for an owner user who wants additional income from the other tenants.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
43,681 SF
Building Class
B
Year Built/Renovated
1991/2022
Cap Rate
6%
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,841 SF
Building FAR
0.23
Lot Size
4.42 AC
Zoning
BB - Medical Office
Parking
175 Spaces (4.01 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Reception
  • Reception
  • Air Conditioning
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 002
  • 2,600-5,600 SF
  • Medical
  • -
  • Now

Lease terms & concessions (typical structure) Lease type: Triple net (NNN) for both office and ASC spaces. TI / Build-to-suit: Owner provides tenant improvements for key tenants; scope and allowance negotiable based on lease term and strategic partnership. Assignment/subletting: Permitted by negotiation to support group consolidation or syndication transfers. Operating hours & access: Configurable for standard ASC and clinic schedules with secure after-hours access for clinicians. Next steps (recommended) Schedule an on-site tour of the medical pavilion and ASC to review operating workflows, room configurations, and finish standards. Provide tenant program: desired SF, specialty, procedural volumes, equipment lists, desired clinical adjacencies, and syndication interest. Request a proposed build-to-suit term sheet showing TI allowances, construction timeline, and partnership/syndication options. Review sample ASC operating agreement and lease forms with legal counsel to align governance and financial participation.

  • 1st Fl-Ste 003
  • 1,374 SF
  • Medical
  • -
  • Now
  • 2nd Fl-Ste 210
  • 5,000 SF
  • Medical
  • Full Build-Out
  • Now

Fully Built out AAAHCA Licensed ambulatory surgery center space will divide.

Space Size Space Use Condition Available
1st Fl-Ste 002 2,600-5,600 SF Medical - Now
1st Fl-Ste 003 1,374 SF Medical - Now
2nd Fl-Ste 210 5,000 SF Medical Full Build-Out Now

1st Fl-Ste 002

Size
2,600-5,600 SF
Space Use
Medical
Condition
-
Available
Now

1st Fl-Ste 003

Size
1,374 SF
Space Use
Medical
Condition
-
Available
Now

2nd Fl-Ste 210

Size
5,000 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 002

Size 2,600-5,600 SF
Space Use Medical
Condition -
Available Now

Lease terms & concessions (typical structure) Lease type: Triple net (NNN) for both office and ASC spaces. TI / Build-to-suit: Owner provides tenant improvements for key tenants; scope and allowance negotiable based on lease term and strategic partnership. Assignment/subletting: Permitted by negotiation to support group consolidation or syndication transfers. Operating hours & access: Configurable for standard ASC and clinic schedules with secure after-hours access for clinicians. Next steps (recommended) Schedule an on-site tour of the medical pavilion and ASC to review operating workflows, room configurations, and finish standards. Provide tenant program: desired SF, specialty, procedural volumes, equipment lists, desired clinical adjacencies, and syndication interest. Request a proposed build-to-suit term sheet showing TI allowances, construction timeline, and partnership/syndication options. Review sample ASC operating agreement and lease forms with legal counsel to align governance and financial participation.

2nd Fl-Ste 210

Size 5,000 SF
Space Use Medical
Condition Full Build-Out
Available Now

Fully Built out AAAHCA Licensed ambulatory surgery center space will divide.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-04-26-010670-007-00
Land Assessment
$1,569,160
Improvements Assessment
$6,890,840
Total Assessment
$8,460,000
  • Listing ID: 33829574

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 1731 Wells Rd, Orange Park, FL 32073

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