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1909 Beach Boulevard 1909 Beach Blvd 17,658 SF 100% Leased Office Building Jacksonville Beach, FL 32250 $7,324,800 CAD ($414.81 CAD/SF) 6.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Beach Location
- Long Term Tenants with Medical Mix
- Modern Beach Architecture
EXECUTIVE SUMMARY
Stabilized Medical & Professional Office Investment | Jacksonville Beach, FL
Medical office building located in a highly sought-after submarket with a diverse tenant mix consisting of approximately 57% medical and 43% professional office users. The building is 100% occupied, with minimal vacancy over the past five years, and features a strong base of long-term medical tenants.
Built in 2008 with reinforced concrete construction, the property has been well maintained and recently painted, with multiple suite-level updates completed in recent years. Tenants benefit from individually metered utilities and HVAC, modern building systems (elevator, sprinkler, and alarm), and ample surface parking (4.4/1,000 SF).
Current leases include annual rental increases, with a projected NOI of $355,410 and a pro forma cap rate of 6.5% starting in March 2026, based on existing contractual escalations. A detailed pro forma rent roll and lease summary are available to qualified buyers upon request.
This property presents a rare opportunity to acquire a stabilized, income-producing, Class A asset in one of Jacksonville’s most supply-constrained and tenant-preferred coastal submarkets.
Medical office building located in a highly sought-after submarket with a diverse tenant mix consisting of approximately 57% medical and 43% professional office users. The building is 100% occupied, with minimal vacancy over the past five years, and features a strong base of long-term medical tenants.
Built in 2008 with reinforced concrete construction, the property has been well maintained and recently painted, with multiple suite-level updates completed in recent years. Tenants benefit from individually metered utilities and HVAC, modern building systems (elevator, sprinkler, and alarm), and ample surface parking (4.4/1,000 SF).
Current leases include annual rental increases, with a projected NOI of $355,410 and a pro forma cap rate of 6.5% starting in March 2026, based on existing contractual escalations. A detailed pro forma rent roll and lease summary are available to qualified buyers upon request.
This property presents a rare opportunity to acquire a stabilized, income-producing, Class A asset in one of Jacksonville’s most supply-constrained and tenant-preferred coastal submarkets.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$643,669
|
$36.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$643,669
|
$36.45
|
| Taxes |
$80,297
|
$4.55
|
| Operating Expenses |
$67,504
|
$3.82
|
| Total Expenses |
$147,801
|
$8.37
|
| Net Operating Income |
$495,868
|
$28.08
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $643,669 |
| Annual Per SF | $36.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $643,669 |
| Annual Per SF | $36.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $80,297 |
| Annual Per SF | $4.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $67,504 |
| Annual Per SF | $3.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $147,801 |
| Annual Per SF | $8.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $495,868 |
| Annual Per SF | $28.08 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
17,658 SF
Building Class
A
Year Built
2008
Price
$7,324,800 CAD
Price Per SF
$414.81 CAD
Cap Rate
6.77%
NOI
$495,868 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,829 SF
Slab To Slab
9’
Building FAR
0.37
Lot Size
1.10 AC
Zoning
JC-2, Jax Beach - General Commercial JC-2 (CCG-2)
Parking
77 Spaces (4.36 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- American Business Networks
- -
- -
- -
- -
- Flightline
- -
- -
- -
- -
- Mendez Family Care
- -
- -
- -
- -
- Patton Services
- -
- -
- -
- -
- Schneider Eye Care
- -
- -
- -
- -
- Wekiva Springs Outpatient
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| American Business Networks | - | - | - | - | ||
| Flightline | - | - | - | - | ||
| Mendez Family Care | - | - | - | - | ||
| Patton Services | - | - | - | - | ||
| Schneider Eye Care | - | - | - | - | ||
| Wekiva Springs Outpatient | - | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 177397-0020 | Total Assessment | $4,442,392 CAD |
| Land Assessment | $1,149,065 CAD | Annual Taxes | $80,297 CAD ($4.55 CAD/SF) |
| Improvements Assessment | $3,293,328 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
177397-0020
Land Assessment
$1,149,065 CAD
Improvements Assessment
$3,293,328 CAD
Total Assessment
$4,442,392 CAD
Annual Taxes
$80,297 CAD ($4.55 CAD/SF)
Tax Year
2025
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1909 Beach Boulevard | 1909 Beach Blvd
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