550 Balmoral CirJacksonville, FL 32218

This exceptional investment opportunity presents the Busch Office Pavilion, a Class C office complex located at 550 Balmoral Cir N, Jacksonville, FL 32218, in Duval County. The property, encompassing 2.18 acres (APN 044279-0700), consists of 27 units offering a mix of creative, executive, and traditional office spaces. Currently operating under a NNN lease structure, the property boasts a strong 7.00% capitalization rate and a Net Operating Income (NOI) of $173,634. The asking price is $2,480,492.57. Many units feature brand-new, five-year leases, providing stable and predictable income streams. The property is undergoing a complete conversion into office condominiums, significantly enhancing its long-term value and investor appeal. Situated within the thriving Busch Drive Business Park in North Jacksonville, this property benefits from a high-demand location with considerable growth potential. The property is zoned CCG-1. This is a rare opportunity to acquire a well-positioned, income-producing office complex in a dynamic Jacksonville market. The combination of strong existing leases, the condominium conversion, and the prime location makes this a compelling investment prospect.