5600 Spring Park Road, Jacksonville, FL

Office for Sale - $1,200,000 - 14,200 Sq. Ft.

NAI Hallmark

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Agent Info

NameCarmen Mantay
CompanyNAI Hallmark

Property Info

CIMLS #965573
Location5600 Spring Park Road
Jacksonville FL 32216
Last UpdatedJanuary 23rd, 2018
TypeOffice
Price$1,200,000
Building14,200 Sq. Ft.
DemographicsView data

Contact


Property Description

Investment with potential for owner user presents cost savings and cash flow for the owner. There is an opportunity to increase rents to the submarket average. Even with the value add opportunity, the property is currently positively cash flowing. In addition, the property is 60% below market at $84.50/sf. Rent escalations are at 3% and rents 25% roughly below market.

Location Description:

Located on Spring Park Road, the property is centrally located with close proximity to retail, restaurants, hospitals, and schools. The property is strategically at the I-95 exit off of University Blvd. It is also 9 minutes from downtown Jacksonville (5.7 miles) and 5 miles to St. John’s Town Center.

Some of the major hospitals in the city are located minutes from this property such as Memorial Hospital (4 minutes), St. Vincent’s Medical Center Southside (3 minutes), Baptist Medical Center of Jacksonville (8 minutes), UF Shands Hospital and St. Vincent’s Medical Center Riverside (15 minutes).

Highlights:

>> Investment with potential for owner user opportunity.

>> Positive cash flow with value add opportunity.

>> The property is proximate to I-95 and University Blvd, with daily traffic counts of 135,000 and 40,00 respectively.

>> Close proximity to retail, restaurants, hospitals, and schools.

* This property also has spaces available for lease.


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