1211 ST JOHNS BLUFF Road N, Jacksonville, FL 32225 (MLS# 1036246)

Overview

Description

TURN KEY OPPORTUNITY FOR INVESTORS! - CAP RATE: 5.73% - NOI: $283,488 - 11.5 years Remaining in a 15 year NNN lease. The subject offering is 100% fee simple interest, tenant is Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. Jacksonville has the fastest growing demand for kidney treatment in the nation. MINIMAL LANDLORD OBLIGATIONS. The tenant has 1.7% annual increases in rent and three 5 year options to renew. Each of the three options rent increases by 10%. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville Florida. It consists of 12 chairs/stations serving at FULL capacity. 15 year roof warranty. Open 6 days/week. See documents for annual rent schedule. See mls#1036247 for a 2nd building for sale

General Property Information

Building Area Total: 7913
Building Area Source: Public Records
Year Built: 2016
Building Name: Fresenius Kidney Car
Lot Size Acres: 1.49
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Directions: Atlantic Blvd to North on ST JOHNS BLUFF and property is on the right
Public Remarks: TURN KEY OPPORTUNITY FOR INVESTORS! - CAP RATE: 5.73% - NOI: $283,488 - 11.5 years Remaining in a 15 year NNN lease. The subject offering is 100% fee simple interest, tenant is Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. Jacksonville has the fastest growing demand for kidney treatment in the nation. MINIMAL LANDLORD OBLIGATIONS. The tenant has 1.7% annual increases in rent and three 5 year options to renew. Each of the three options rent increases by 10%. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville Florida. It consists of 12 chairs/stations serving at FULL capacity. 15 year roof warranty. Open 6 days/week. See documents for annual rent schedule. See mls#1036247 for a 2nd building for sale
List Price/SqFt: 625.55
Sold Price/SqFt: 534.71

Property Features

Business Type: Professional/Office Construction Materials: Frame; Stucco Current Use: Commercial; Office Electric: Generator Heating: Electric; Heat Pump Listing Terms: Conventional; Private Financing Available Operating Expense Includes: Accounting; Legal Owner Pays: Exterior Maintenance; Roof Maintenance Parking Features: Guest; Parking Lot Possession: Subject To Tenant Rights Security Features: Security Lights Sewer: Public Sewer Tenant Pays: All Utilities; Insurance; Janitorial Service; Taxes Utilities: Cable Available; Separate Electric Meters Water Source: Public

Contract Information

Listing Contract Date: 2020-02-02
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 1211
Street Name: ST JOHNS BLUFF
Street Suffix: Road
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 042-Ft Caroline

Status Change Information

Major Change Timestamp: 2020-06-19T17:13:01Z
Major Change Type: Status Change
Purchase Contract Date: 2020-06-11
Close Date: 2020-06-19
Close Price: 4231164

Income and Expenses

Gross Scheduled Income: 288305
Net Operating Income: 288305

More Information

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Wet Sprinkler System: Y, Possible Financing-1031 Exchange: Y, Tenant Expenses-Signage: Y, Approx. Total SqFt: 7131.00, Number of Units: 1 - 4 Units
Public Historical Remarks 2: Lot Location-Urban/City: Y, Occupancy Rate: 100, Max Base Lease Rate: 341242, Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: IBP

Location, Tax, and Legal

Parcel Number: 1618010000

Construction Materials

Frame: Yes
Stucco: Yes

Current Use

Commercial: Yes
Office: Yes

Electric

Generator: Yes

Heating

Electric: Yes
Heat Pump: Yes

Listing Terms

Conventional: Yes
Private Financing Available: Yes

Owner Pays

Exterior Maintenance: Yes
Roof Maintenance: Yes

Parking Features

Guest: Yes
Parking Lot: Yes

Possession

Subject To Tenant Rights: Yes

Security Features

Security Lights: Yes

Sewer

Public Sewer: Yes

Tenant Pays

All Utilities: Yes
Insurance: Yes
Janitorial Service: Yes
Taxes: Yes

Utilities

Cable Available: Yes
Separate Electric Meters: Yes

Water Source

Public: Yes

Business Type

Professional/Office: Yes

Operating Expense Includes

Accounting: Yes
Legal: Yes