Property summary
This exceptional Class A, multi-tenant medical office building presents a compelling sale-leaseback investment opportunity in Jacksonville, Florida. The 5,824 square foot property, built in 2001 and situated on a 1.16-acre lot, boasts 100% occupancy with two strong tenants. Ankle & Foot Associates, a 16-unit operator, will sign a new 10-year NNN lease at closing, featuring 2% annual rent increases. Netco Holding Company (dba Mason Title & Escrow), an AmTrust Financial Company, holds a lease extending to April 30, 2027, also with 2% annual increases and monthly CAM reimbursements. The property enjoys excellent visibility on Southside Boulevard, a high-traffic road with approximately 35,000 vehicles per day. Its strategic location in Jacksonville's Southside area, a thriving business center near shopping, recreational areas, and historical sites, is further enhanced by its proximity (5 miles) to HCA Florida Memorial Hospital. The property features a new roof (installed in 2021) and offers a weighted average lease term (WALT) of approximately 6.7 years. The asking price is $1,173,690, projecting a pro-forma cap rate of 7.75% and a pro-forma net operating income (NOI) of $90,961. This investment provides a stable, high-yield return with built-in growth potential in a rapidly developing area.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Title Company Escrow Service
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Physician
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Courier Service Postal Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
In CO, RO, and CRO Districts changing message devices and illuminated and indirect lighting signs are also prohibited. (d) Industrial zoning districts: The allowable signs and the sign restrictions and requirements shall…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CO · Jacksonville, FLIn CO, RO, and CRO Districts changing message devices and illuminated and indirect lighting signs are also prohibited. (d) Industrial zoning districts: The allowable signs and the sign restrictions and requirements shall…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
In CO, RO, and CRO Districts changing message devices and illuminated and indirect lighting signs are also prohibited. (d) Industrial zoning districts: The allowable signs and the sign restrictions and requirements shall…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CO in Jacksonville, FL.
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