1914 Southside BlvdJacksonville, FL 32216

Property Details for 1914 Southside Blvd

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.18 AC

Property size (Sq ft)

5,824 SF

Zone code

CO

Property type

Medical offices

Property subtype

Medical centers

APN

123385-0000

APU

1233850000

Description

This exceptional Class A, multi-tenant medical office building presents a compelling sale-leaseback investment opportunity in Jacksonville, Florida. The 5,824 square foot property, built in 2001 and situated on a 1.16-acre lot, boasts 100% occupancy with two strong tenants. Ankle & Foot Associates, a 16-unit operator, will sign a new 10-year NNN lease at closing, featuring 2% annual rent increases. Netco Holding Company (dba Mason Title & Escrow), an AmTrust Financial Company, holds a lease extending to April 30, 2027, also with 2% annual increases and monthly CAM reimbursements. The property enjoys excellent visibility on Southside Boulevard, a high-traffic road with approximately 35,000 vehicles per day. Its strategic location in Jacksonville's Southside area, a thriving business center near shopping, recreational areas, and historical sites, is further enhanced by its proximity (5 miles) to HCA Florida Memorial Hospital. The property features a new roof (installed in 2021) and offers a weighted average lease term (WALT) of approximately 6.7 years. The asking price is $1,173,690, projecting a pro-forma cap rate of 7.75% and a pro-forma net operating income (NOI) of $90,961. This investment provides a stable, high-yield return with built-in growth potential in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,010,524

  6.5%

  $932,791

  7%

  $866,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $396,090

  Geo Method

  $396,090

• Alternative Use

  Use

  Valuation

  Residential

  $1,156,661

  Hospitality

  $1,059,495

  Educational

  $881,488

  Medical

  $911,803

  Retail

  $1,371,203

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3105

Longitude

-81.5595

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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