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1406 Kingsley Ave

8,538 SF 100% Leased Office Building Orange Park, FL 32073 $1,460,000 ($171/SF) 9.68% Cap Rate

Investment Highlights

  • 3D Walkthrough available under Links below!
  • Traffic light cornered lot
  • Fully Occupied income producing asset
  • Great frontage on Kingsley avenue short distance from the hospital
  • Recently updated with high end finishes

Executive Summary

For Sale: Fully Occupied Medical Office Building – 8633 Sq Ft – 9.5% Cap Rate – Prime Kingsley Avenue Location
Property Overview:
This recently renovated, professional medical office building presents a rare opportunity for investors seeking a high-performing, fully stabilized asset in a prime location. With 10 fully occupied suites, this property boasts a strong 9.5% cap rate and built-in rent increases, offering a secure long-term investment with consistent cash flow.
Key Features:
Total Building Size: 8,633 Sq Ft
Lot Size: Corner lot totaling over 1 acre
Fully Occupied: 10 professional medical office suites
Cap Rate: 9.5%
Built-in Rent Increases: Ensuring future income growth
Location: High-traffic, lighted intersection with excellent frontage on Kingsley Avenue
Proximity to: Orange Park Hospital and key medical facilities
Renovation: Recently updated interior and exterior, providing modern amenities for tenants and patients
Market Demand: Limited supply of real estate along Kingsley Avenue, making this an especially desirable location
Investment Highlights:
Stabilized Asset: Fully leased with a diverse tenant mix, providing predictable revenue
Prime Location: Strategically located just minutes from Orange Park Hospital, making it ideal for medical office tenants and patients
Strong Long-Term Hold: The property is perfectly suited for investors seeking a stable, income-producing asset with the potential for future rent growth
Limited Availability: A rare opportunity to acquire a property in a high-demand area with limited real estate availability
Ideal for Investors:
This is an excellent opportunity for anyone looking to enter the uniquely stable and growing medical office market in Orange Park. With its strategic location, long-term tenants, and consistent rental increases, this property is a solid addition to any investment portfolio.
Don't miss out on this exceptional opportunity. Contact us today to schedule a tour or request more information!
This area has extremely limited supply for space as Orange Park hospital continues to expand its growth and development near by. Great long term hold for any investor looking to enter this uniquely stabilized market.
Six of the Seven Hvac units have recently been replaced. The building has a backlog of tenants trying to actively rent when any availability does open up.

Attachments

1406 Kingsley

Data Room Click Here to Access

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,538 SF
Building Class
B
Year Built
1976
Price
$1,460,000
Price Per SF
$171
Cap Rate
9.68%
NOI
$141,323
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,538 SF
Building FAR
0.19
Land Acres
1.04 AC
Zoning
CPO
Parking
45 Spaces (5.27 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Central Heating
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-04-26-019500-000-00
Land Assessment
$318,780 (2023)
Improvements Assessment
$456,710 (2023)
Total Assessment
$775,490 (2023)
  • Listing ID: 28438787

  • Date on Market: 5/9/2023

  • Last Updated:

  • Address: 1406 Kingsley Ave, Orange Park, FL 32073

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