13119 Professional Dr 100200 Jacksonville, FL 32225-6150

This exceptional investment opportunity presents a fee-simple, single-story, 3,000 square-foot office building situated on a 0.51-acre lot in Jacksonville, Florida. The property, built in 1998 and zoned PUD, boasts a 100% occupancy rate with two tenants, each occupying 1,500 square feet. The current Net Operating Income (NOI) stands at $53,376, yielding a 6.57% cap rate, with a pro-forma NOI of $55,116 and a pro-forma cap rate of 6.78%. The asking price is $813,000, translating to $271 per square foot. Lease terms are NNN with varying rent bumps and lease options available. The property is located within the only exclusive professional office park in the area, benefiting from high traffic counts on Atlantic Boulevard (54,000 vehicles daily) and proximity to significant commercial and residential development. The surrounding area exhibits a low 4.7% vacancy rate for office spaces ranging from 500 to 7,500 square feet, underscoring the strong demand for this type of property. This stabilized investment offers a compelling return and significant upside potential. The property's address is 13119 Professional Drive, Jacksonville, FL 32225, and its APN is 167316-0420.