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859 Park Ave
Orange Park, FL 32073
Medical Tenant, New Lease, 7.28% Cap · Office Property For Sale
Investment Highlights
- Building and monument illuminated signage with excellent visibility from Park Ave. (US-17)
- Established multi-location medical tenant.
- Ample parking
- New 5-year lease with 3% annual rent increases and two 5-year renewal options, 7.28% initial Cap Rate.
- Premier Orange Park location, close to I-295, stores, and restaurants
- Fresh build-out.
Executive Summary
Established multi-location medical tenant. New 5-year lease, 3% annual rent increases, renewal options, fresh build-out, 7.28% initial Cap Rate. Unit 102 has a front corner location, with excellent visibility on Park Ave. (US 17),and ample parking is available in front, on the side, and behind the building. Illuminated building signage and an illuminated pylon sign, both highly visible from Park Avenue. The property is just south of I-295 on Park Ave., and it’s central location is convenient for all sub-markets in the greater Jacksonville area.
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Property Type | Office | No. Stories | 1 |
| Property Subtype | Medical | Year Built | 1988 |
| Building Class | B | Parking Ratio | 5/1,000 SF |
| Lot Size | 0.02 AC | APN / Parcel ID | |
| Rentable Building Area | 8,000 SF | ||
| Zoning | CG | ||
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Lot Size | 0.02 AC |
| Rentable Building Area | 8,000 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Parking Ratio | 5/1,000 SF |
| APN / Parcel ID | |
| Zoning | CG |
Amenities
- 24 Hour Access
- Central Heating
- Drop Ceiling
- Air Conditioning
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