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UF HEALTH FAMILY MEDICINE 6015 118th St

5,678 SF Office Building Jacksonville, FL 32244 £1,421,367 (£250/SF) 7.66% Net Initial Yield

Investment Highlights

  • University-Backed Health System: Backed by the University of Florida Jacksonville Physicians Inc., a university-affiliated hospital system.
  • Built-to-Suit Location: Initially built to suit the tenant’s requests and requirements, this property is tailored to meet the needs of the tenant.
  • Income Tax-Free State: Located in the business-friendly state of Florida, investors will benefit from the absence of state income tax.
  • Growing Billion-Dollar Markets: The United States pediatric market size was estimated at $12.46 billion in 2022 and is expected to grow.
  • Highly Visible Location: Strategically positioned at the hard corner of Blanding Blvd and 118th St, this site enjoys high visibility.
  • Advantageous Return: This investment offers an investor a year-one cap rate of 7.67%, which is increasingly important.

Executive Summary

Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,678 SF
Building Class
B
Year Built
2012
Price
£1,421,367
Price Per SF
£250
Net Initial Yield
7.66%
NOI
£108,877
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,678 SF
Building FAR
0.10
Lot Size
1.34 AC
Zoning
CCG-2
Parking
30 Spaces (5.28 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
097871-0005
Land Assessment
£164,225
Improvements Assessment
£993,801
Total Assessment
£1,158,026
  • Listing ID: 34175668

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 6015 118th St, Jacksonville, FL 32244

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