Log In/Sign Up
Your email has been sent.
Precision Medical Center | 7.25% Cap 1540 Business Center Dr 10,197 SF 100% Leased Office Building Orange Park, FL 32003 $4,493,223 CAD ($440.64 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Commitment to Location – All three tenants recently executed new lease agreements, demonstrating long-term commitment to the property
- Strong Local Operators – Precision Imaging and North Florida Eye Surgeons are established multi-location healthcare providers
- “Hands-Off” Investment Structure – All tenants operate under net lease structures, with approximately 80% of the rent roll structured as NNN leases
- Sticky Tenancy – The property’s tenants have made substantial investments in specialized healthcare buildouts and operational infrastructure
- Recession-Resistant – The property is occupied by healthcare and wellness-oriented tenants providing essential and recurring outpatient services
- Hedge Against Inflation – All tenants feature annual rental increases, with more than 80% of the rent roll
Executive Summary
100% occupied multi-tenant medical office investment featuring Precision Imaging Centers, North Florida Eye Surgeons, and Bella Lei Aesthetics. The property benefits from recently extended leases, a predominantly net lease structure that minimizes landlord responsibilities, annual rent increases, and significant tenant investment in specialized medical buildouts. Located in affluent Fleming Island within the Jacksonville MSA, the asset offers stable cash flow, limited landlord responsibilities, and strong long-term healthcare real estate fundamentals.
Property Facts
Sale Type
Investment
Property Type
Building Size
10,197 SF
Building Class
B
Year Built
1998
Price
$4,493,223 CAD
Price Per SF
$440.64 CAD
Cap Rate
7.25%
NOI
$325,759 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,197 SF
Building FAR
0.24
Lot Size
0.97 AC
Zoning
PUD - PUD Zoning (Clay County) – Flexible mixed-use zoning allowing coordinated development with up to 40% site coverage, subject to approved PUD standards.
Parking
34 Spaces (3.33 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 32-04-26-021262-006-32 | Improvements Assessment | $1,815,999 CAD |
| Land Assessment | $820,769 CAD | Total Assessment | $2,636,767 CAD |
Property Taxes
Parcel Number
32-04-26-021262-006-32
Land Assessment
$820,769 CAD
Improvements Assessment
$1,815,999 CAD
Total Assessment
$2,636,767 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Precision Medical Center | 7.25% Cap | 1540 Business Center Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.