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Office Medical

Jacksonville Value-Add Medical Office Portfolio

7685 103rd St, Jacksonville, FL 32210

Listing Price: $6,610,000

Cap Rate
1.00%
Rentable SF
29,116
Occupancy
95.0%
Year Built
2006
Lot Size
2.10 acres

Investment Overview

The Jacksonville Medical Office Portfolio includes: 3604 University Blvd, S, Jacksonville, FL 32216 and 7685 103rd Street, Jacksonville, FL 32210. The current owner is retiring from medical practice. 7685 103rd Street is an 18,828 square foot, specialized medical office building on the west side of Jacksonville built in 2006 by the current owner. This property was designed to promote a collaborative environment between practices and tenants and includes medical equipment including: MRI machines, CAT scan, bone density machines, germ free rooms, and other machines used in lab testing and physical therapy. The property has a 2,100 square foot garage that can also be converted to leasable space. There is also an opportunity to build an additional 3,500 square feet of new medical office space on the parcel. 3604 University Boulevard South is a two story, 10,288 square foot medical office building on the high density University Boulevard corridor. The building is located directly across the street from both the Emergency Room at Jacksonville Memorial Hospital, currently undergoing a $23 Million expansion and renovation of the Emergency Department, and Brooks Rehabilitation Hospital. Built in 1970 of Masonry construction and renovated in 2010, the medical office building provides needed space for tenants who want to be located in a dense medical area. The building is to be delivered vacant and free of any leases. The current buildout of the space includes a pharmacy, a doctor's office, a sleep study facility and office space and can be modified to suit a large range of medical office tenants. The value add component to this property is leasing and stabilizing the property with new medical office tenants. This building would be ideal for a new group of doctors with different specialties that can collaborate with one another.

Investment Highlights

  • Value Add Medical Office Opportunity
  • Specialized Medical Build Out and Equipment
  • Opportunity to Build Additional 3,500 Square Feet on 103rd Street Parcel
  • Potential to Convert 2,100 Square Foot Garage to Leasable Space on 103rd Street Parcel
  • Potential for Owner User
  • University Boulevard Property Located Directly Across from Memorial Hospital and $23 Million Expansion

Exclusively Listed By

Financing By

Office Medical

Jacksonville Value-Add Medical Office Portfolio

Listing Price: $6,610,000

Cap Rate
1.00%
Rentable SF
29,116
Occupancy
95.0%
Year Built
2006
Lot Size
2.10 acres

Investment Highlights

  • Value Add Medical Office Opportunity
  • Specialized Medical Build Out and Equipment
  • Opportunity to Build Additional 3,500 Square Feet on 103rd Street Parcel
  • Potential to Convert 2,100 Square Foot Garage to Leasable Space on 103rd Street Parcel
  • Potential for Owner User
  • University Boulevard Property Located Directly Across from Memorial Hospital and $23 Million Expansion

Investment Overview

The Jacksonville Medical Office Portfolio includes: 3604 University Blvd, S, Jacksonville, FL 32216 and 7685 103rd Street, Jacksonville, FL 32210. The current owner is retiring from medical practice. 7685 103rd Street is an 18,828 square foot, specialized medical office building on the west side of Jacksonville built in 2006 by the current owner. This property was designed to promote a collaborative environment between practices and tenants and includes medical equipment including: MRI machines, CAT scan, bone density machines, germ free rooms, and other machines used in lab testing and physical therapy. The property has a 2,100 square foot garage that can also be converted to leasable space. There is also an opportunity to build an additional 3,500 square feet of new medical office space on the parcel. 3604 University Boulevard South is a two story, 10,288 square foot medical office building on the high density University Boulevard corridor. The building is located directly across the street from both the Emergency Room at Jacksonville Memorial Hospital, currently undergoing a $23 Million expansion and renovation of the Emergency Department, and Brooks Rehabilitation Hospital. Built in 1970 of Masonry construction and renovated in 2010, the medical office building provides needed space for tenants who want to be located in a dense medical area. The building is to be delivered vacant and free of any leases. The current buildout of the space includes a pharmacy, a doctor's office, a sleep study facility and office space and can be modified to suit a large range of medical office tenants. The value add component to this property is leasing and stabilizing the property with new medical office tenants. This building would be ideal for a new group of doctors with different specialties that can collaborate with one another.

Exclusively Listed By

Financing By

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