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3787 Old Middleburg Rd 14,224 SF Office Building Jacksonville, FL 32210 $3,007,268 CAD ($211.42 CAD/SF) 7% Cap Rate
Investment Highlights
- 14,224 +/- SF office building
- High visibility location with traffic counts of 16,000 AADT
- Newly renovated buildings
- 5 year NNN lease with renewal options
- Ample parking for employees and visitors
- Flexible floor plan for versatile use
Executive Summary
This Single-Tenant investment opportunity with a five (5) year NNN lease in place with a successful US Coast Guard licensed training center operating over 25 years in Jacksonville and affiliated with the Bob Barker Company, this school offers multiple programs for maritime career opportunities. There are two (2) buildings that are in excellent condition with newly renovated classrooms and common areas. The lease has escalations per year with two (2), three (3) year-renewal options.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Building Size
14,224 SF
Building Class
C
Year Built
1986
Price
$3,007,268 CAD
Price Per SF
$211.42 CAD
Cap Rate
7%
NOI
$210,509 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,112 SF
Building FAR
0.30
Lot Size
1.10 AC
Zoning
CCG-2 - General Commercial Community
Amenities
- Outdoor Seating
- Air Conditioning
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Property Taxes
| Parcel Number | 012493-0010 | Improvements Assessment | $1,917,105 CAD |
| Land Assessment | $433,212 CAD | Total Assessment | $2,350,317 CAD |
Property Taxes
Parcel Number
012493-0010
Land Assessment
$433,212 CAD
Improvements Assessment
$1,917,105 CAD
Total Assessment
$2,350,317 CAD
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3787 Old Middleburg Rd
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