$2,550,000
Jacksonville Beach, FL 32250
MLS# 1159135
Status: Closed
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Property Description
The Gryphon Net Lease Team at SVN First Coast Commercial is pleased to present this 100% NNN leased medical office investment, main tenant comprising 5,400SF is Ascension Health (St. Vincent's Ambulatory Care), with 4 years remaining. Small corner unit (1,000SF) is NNN leased to Seaside Consulting Psychotherapy Group, with 5 years remaining. Major renovations conducted for Ascension and SSCG in 2021. Tenants all have multiple options. Ascension has 2% escalators and SSCG have 3% escalators. Rare beach stabilized NNN opportunity. PROPERTY HIGHLIGHTS Stabilized NNN investment Corporate medical tenant, 2nd largest hospital operator in the US Recent ownership and tenant renovations ($134,000) and new sealcoat ($5,000+) Extremely strong household demographics.
Details
General Property Information
Building Area Total: 6400
Building Area Source: Public Records
Year Built: 1984
Lot Size Acres: 0.53
Water Body Access YN: No
Waterfront YN: No
Stories Total: 1
Directions: From JTB - north on A1A to left just past Advance Auto Parts to 2344.
Public Remarks: The Gryphon Net Lease Team at SVN First Coast Commercial is pleased to present this 100% NNN leased medical office investment, main tenant comprising 5,400SF is Ascension Health (St. Vincent's Ambulatory Care), with 4 years remaining. Small corner unit (1,000SF) is NNN leased to Seaside Consulting Psychotherapy Group, with 5 years remaining. Major renovations conducted for Ascension and SSCG in 2021. Tenants all have multiple options. Ascension has 2% escalators and SSCG have 3% escalators. Rare beach stabilized NNN opportunity.
PROPERTY HIGHLIGHTS
Stabilized NNN investment
Corporate medical tenant, 2nd largest hospital operator in the US
Recent ownership and tenant renovations ($134,000) and new sealcoat ($5,000+) Extremely strong household demographics.
List Price/SqFt: 389.84
Sold Price/SqFt: 398.44
Historical Information
Public Historical Remarks 1: Road Surface: Asphalt Road, Structure-Slab-on-Grade: Y, Approx. Total SqFt: 6528.00, Number of Units: 1 - 4 Units
Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: JC1
Contract Information
Current Price: $2,550,000
Sold Price: $2,550,000
Status: Closed
Listing Contract Date: 2022-02-11
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 2344
Street Name: 3RD
Street Suffix: Street
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 214-Jacksonville Beach-SW
Status Change Information
Major Change Timestamp: 2022-04-07T16:08:31Z
Major Change Type: Status Change
Purchase Contract Date: 2022-03-03
Close Date: 2022-04-01
Close Price: 2550000
Property Features
Construction Materials: Concrete; Frame; Stucco
Current Use: Commercial; Office
Existing Lease Type: Net
Heating: Central
Listing Terms: Cash; Conventional
Parking Features: Parking Lot; Unassigned
Possession: Subject To Tenant Rights
Roof: Metal
Security Features: Security Lights
Sewer: Public Sewer
Utilities: Cable Connected; Separate Electric Meters; Other
Water Source: Public
Listing Office: NON MLS (realMLS)
Last Updated: February - 13 - 2025
Information deemed reliable but not guaranteed.