550 Balmoral Circle North, Jacksonville, FL
Office for Sale - $2,499,999 - 12,600 Sq. Ft. on 2.18 acres
Agent Info
| Eric Maimo |
Property Info
| CIMLS# | 1165272 |
| Location 550 Balmoral Circle North Jacksonville FL 32218 | |
| Updated | March 31st, 2025 |
| Type | Office |
| Price | $2,499,999 |
| Building | 12,600 Sq. Ft. |
| Land | 2.18 acres |
Property Description
The Busch Professional Office Pavilion Investment offers a rare opportunity in North Jacksonville's thriving Busch Drive Business Park. This low vacancy office complex features many brand-new 5-year leases across its office suites, ensuring stable and predictable income. Additionally, the property is undergoing a full conversion into office condominiums, further enhancing its long-term value and appeal to investors. This unique offering represents a strategic investment in a high-demand location with significant growth potential.
Financials
NOI: $188,762.40
Cap Rate: 7.55%
