1000 Plantation Island Dr
15,500 SF 100% Leased Office Building Saint Augustine, FL 32080 $5,000,000 ($322.58/SF) 6.38% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated Near A1A Beach Blvd with FRONTAGE on State Road 312!
- Ideal for Most Medical Office Users!
EXECUTIVE SUMMARY
This spectacular 15,700 SF building boasts prime frontage on State Road 312, just moments from A1A Beach Blvd. in St. Augustine. Fully occupied by credit tenants, this property ensures a secure and stable income stream. Its strategic location near local residences and businesses makes it highly accessible and desirable for medical professionals and clients alike. A golden opportunity for investors looking to acquire a top-tier asset in a thriving area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
15,500 SF
Building Class
B
Year Built/Renovated
2008/2012
Price
$5,000,000
Price Per SF
$322.58
Cap Rate
6.38%
NOI
$319,206
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,750 SF
Building FAR
0.31
Lot Size
1.13 AC
Zoning
CM-2 - The CM-2 zone is a medium-scale, commercial mixed use zone intended for sites in a variety of centers and corridors.
Parking
50 Spaces (3.23 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Balcony
1 of 1
PROPERTY TAXES
| Parcel Number | 162220-0130 | Improvements Assessment | $2,582,690 |
| Land Assessment | $741,510 | Total Assessment | $3,324,200 |
