7207 Golden Wings RdJacksonville, FL 32244

Property Details for 7207 Golden Wings Rd

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.51 AC

Property size (Sq ft)

16,248 SF

Zone code

IBP

Property type

Healthcare properties

Property subtype

Medical offices

APN

098404-0025

APU

984040025

Description

This exceptional investment opportunity presents a 15,486 square foot, multi-tenant medical office building located at 7207 Golden Wing Rd, Jacksonville, FL 32244. The property, built in 2009 and renovated in 2021, sits on a 65,775 square foot lot and offers 96 parking spaces, catering to the needs of its three tenants. Currently operating under a Net Lease (NNN) agreement with a corporate guarantee, the property boasts a strong 7.37% cap rate and a Net Operating Income (NOI) of $508,404. The asking price is $6,900,000. The building is zoned IBP and benefits from a high-traffic location directly across from NAS Jax's main gate, experiencing an average annual daily traffic count of 40,500 vehicles on US 17. Leases include 3% annual rent bumps, ensuring consistent income growth. This well-maintained facility offers modern amenities and is ideal for established medical groups. The property's strategic location, strong tenant base, and impressive financial performance make it a compelling investment opportunity in the thriving Jacksonville market. The building features numerous upgrades and provides ample parking for medical users. This is a great cash-flowing investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,508,756

  6.5%

  $3,238,851

  7%

  $3,007,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,105,026

  Geo Method

  $1,105,026

• Alternative Use

  Use

  Valuation

  Residential

  $4,016,176

  Hospitality

  $3,678,795

  Educational

  $3,060,714

  Medical

  $3,165,977

  Retail

  $4,761,112

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2256

Longitude

-81.7018

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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