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505 Plaza Cir
Orange Park, FL 32073
$14.7 Million UPB, Non-Performing Loans · Office Property For Sale
Investment Highlights
- Exceptional security via the first position, guaranty, cross-collaterization, cross-default, and associated rights
- 50% Appraised LTV at origination, basis reset opportunity
- Strategic location, just 5 miles south of the Jacksonville Naval Air Station via US-17, with easy access I-295 and nearby retail, dining, and ent.
- Substantial opportunity for value creation by leasing up the vacancy, repositioning for individual building user or private investor purchase
- Three highly-functional, Class A waterfront office properties built between 2001 and 2006, with large and flexible floor plates and abundant parking
Property Facts
Property Type
Building Size
50,000 SF
Building Class
A
Year Built
2003
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
25,000 SF
Building FAR
0.34
Lot Size
3.36 AC
Zoning
C
Parking
288 Spaces (5.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Waterfront
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,506,824 | |
| Land Assessment | $1,193,276 | Total Assessment | $4,700,100 |
Property Taxes
Parcel Numbers
Land Assessment
$1,193,276
Improvements Assessment
$3,506,824
Total Assessment
$4,700,100
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