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550 Balmoral Cir N
Jacksonville, FL 32218

$999,999 USD

Medical Condo For Sale  •  4,200 SF

Property Details

  • Property Type Medical
  • Total Building Size 4,253 SF
  • Lot Size 2.07 AC
  • Building Class B
  • Year Built 1988
  • Cap Rate 8.11 %
  • Tenancy Multiple
  • Zoning CCG-1
35 Transit Score
26 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 300 Office 4,200 SF $999,999 USD
  • Unit Size: 4,200 SF
  • Condo Use: Office
  • Price: $999,999 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $238.10 USD
Description
Building 300 in Busch Office Pavilion Professional Office Park is available for sale in North Jacksonville, specifically in the Busch Drive Business Park, these are mostly occupied with brand new 5yr leases in place. The office suites are in the process of being fully converted into office condominiums. This is a great opportunity for an owner user to occupy 1,080 SF while collecting the income from the remaining tenants in the building. This is a rare NNN investment opportunity that is below replacement cost and it will not last.

Sale Notes
Fantastic opportunity for either an owner occupant looking to collect income from remainder of building that is 74% occupied with long term tenants.

Description 

Building 300 in Busch Office Pavilion Professional Office Park is available for sale in North Jacksonville, specifically in the Busch Drive Business Park, these are mostly occupied with brand new 5yr leases in place. The office suites are in the process of being fully converted into office condominiums. This is a great opportunity for an owner user to occupy 1,080 SF while collecting the income from the remaining tenants in the building. This is a rare NNN investment opportunity that is below replacement cost and it will not last.

Highlights

Very Stable Occupancy History: Lots of Retail, Industrial and Other Commercial Properties Located Nearby!
New Industrial, Retail, Residential Developments Nearby Provides Continued Growth!
Easy Ingress and Egress to Property and Easy to Manage!
Development in the Park includes Sam's Club, U.S. Post Office, Medical and Professional Offices. Anheuser-Busch Major Employer Nearby.
Available for Immediate Occupancy!

Property Flyers

Financial Summary

Cap Rate: 8.11 %
Total Expenses: $0 USD

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
15 min - 7.6 mi
AirportDriveWalkDistance
Jacksonville International 14 min - 7.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Eric Maimo 904-537-6443 Coldwell Banker Commercial
Eric Maimo 904-537-6443 Coldwell Banker Commercial