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

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

Supplements: fo

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