3107 EDGEWOOD Avenue W, Jacksonville, FL 32209 (MLS# 1036247)

3107 EDGEWOOD Avenue W, Jacksonville, FL 32209

$5,361,134
Property Type: Commercial Sale Square Footage: 9,119 Lot Size (sq. ft.): 71,438 Status: Closed
Current Price: $5,361,134 List Date: 5/01/2020 Last Modified: 1/29/2025

Overview

Description

TURN KEY OPPORTUNITY FOR INVESTORS! - 11 Years Remaining in 15 year lease - NNN Lease - CAP RATE: 5.94% -NOI: $359,196 Subject offering is a fee simple interest, leased to Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. The demand for dialysis is growing faster in Jacksonville, FL then anywhere else in the nation. Minimal landlord obligations. The tenant has 1.7% annual increases in rent & three 5 year options to renew. Each of the 3 options rent increases by 10%. There is a 15 year roof warranty. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville FL. It consists of 17 chairs/stations serving between 90 - 110 patients. The facility was at capacity within 18 months. See mls#1036246 for 2nd building fo

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Listing Details MLS# 1036247

General Property Information

Building Area Total
9119
Building Area Source
Public Records
Year Built
2016
Building Name
Fresenius Kidney Car
Lot Size Acres
1.64
Water Body Access YN
No
Waterfront YN
No
Stories Total
Yes
Directions
From Interstate 95 take US 1 north to right on Edgewood Ave W. The clinic will be on your left
Public Remarks
TURN KEY OPPORTUNITY FOR INVESTORS! - 11 Years Remaining in 15 year lease - NNN Lease - CAP RATE: 5.94% -NOI: $359,196 Subject offering is a fee simple interest, leased to Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. The demand for dialysis is growing faster in Jacksonville, FL then anywhere else in the nation. Minimal landlord obligations. The tenant has 1.7% annual increases in rent & three 5 year options to renew. Each of the 3 options rent increases by 10%. There is a 15 year roof warranty. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville FL. It consists of 17 chairs/stations serving between 90 - 110 patients. The facility was at capacity within 18 months. See mls#1036246 for 2nd building fo
List Price/SqFt
663.45
Sold Price/SqFt
587.91

Property Features

Business Type: Professional/Office Construction Materials: Frame; Stucco Current Use: Commercial; Office Heating: Central; Electric; Heat Pump Listing Terms: Cash; Conventional; Private Financing Available Operating Expense Includes: Accounting; Legal Owner Pays: Exterior Maintenance; Roof Maintenance Parking Features: Guest; Parking Lot; Secured Possession: Subject To Tenant Rights Security Features: Security Lights Sewer: Public Sewer Tenant Pays: All Utilities; Insurance; Janitorial Service; Taxes Utilities: Cable Connected; 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
3107
Street Name
EDGEWOOD
Street Suffix
Avenue
Street Direction Suffix
W
County
Duval
State
FL
Postal Code
32209
MLS Area Major
075-Trout River/College Park/Ribault Manor

Status Change Information

Major Change Timestamp
2020-06-19T17:12:09Z
Major Change Type
Status Change
Purchase Contract Date
2020-06-11
Close Date
2020-06-19
Close Price
5361134

Building Features

Asbestos Present
No
Building Class
A
Environmental Audit
Y
Max Parking Space Available
100

More Information

Income and Expenses

Gross Scheduled Income
359195

Historical Information

Public Historical Remarks 1
Road Surface: Asphalt Road, Possible Financing-1031 Exchange: Y, Lot Location-Free Standing: Y, Tenant Expenses-Signage: Y, Approx. Total SqFt: 8315.00, Number of Units: 1 - 4 Units
Public Historical Remarks 2
Occupancy Rate: 100, Max Base Lease Rate: 425148, Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3
Current Zoning: CCG-1

Location, Tax, and Legal

Parcel Number
0414490040

Construction Materials

Frame
Yes
Stucco
Yes

Current Use

Commercial
Yes
Office
Yes

Heating

Central
Yes
Electric
Yes
Heat Pump
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Private Financing Available
Yes

Owner Pays

Exterior Maintenance
Yes
Roof Maintenance
Yes

Parking Features

Guest
Yes
Parking Lot
Yes
Secured
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 Connected
Yes
Separate Electric Meters
Yes

Water Source

Public
Yes

Business Type

Professional/Office
Yes

Operating Expense Includes

Accounting
Yes
Legal
Yes
Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Source MLS Verified
Last Updated: January - 29 - 2025
Information deemed reliable but not guaranteed.