1914 Southside Blvd, Jacksonville, FL 32216-1996

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.