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The Hardy Group Building 975 S Ponce de Leon Blvd

7,457 SF 100% Leased Office Building Saint Augustine, FL 32084 £2,997,411 (£402/SF) 5.69% Net Initial Yield

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Investment Highlights

Fronts directly on US1 just south of 207 intersection

Executive Summary

Class A office space, Completely brand new office space, with multiple suites and lots of light due to windows in every office. High grade tile, with a shake and bake kitchen, warehouse in the back. Photos do this office space no justice, have to see in person.
Subject to 1031 Exchange
Directly South of Diane's Fresh Market & Across the street from Winn Dixie Plaza @ 207 & US1

975 S Ponce Boundary Survey

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

1031 Exchange

Property Type

Office

Building Size

7,457 SF

Building Class

Year Built

1983

Price

£2,997,411

Price Per SF

£402

Net Initial Yield

5.69%

NOI

£170,553

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

7,457 SF

Slab to Slab

10 ft

Building FAR

0.13

Land Acres

1.29 AC

Zoning

CM-2 - CM2

Parking

30 Spaces (4.02 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Controlled Access
Fenced Lot

Security System
Storage Space

High Ceilings
Recessed Lighting

Wi-Fi
Air Conditioning

About 975 S Ponce de Leon Blvd , Saint Augustine, FL 32084

This unique property offers a protruding corner on US1 distinguishing it from many others in the area. With a front next to the intersection of 207 & US1, this property offers more than what meets the eye. The office building was renovated in 2013 to bring it into the modern age. It boasts luxury office suites with an open environment feel while providing enough privacy for more than one business. A distinguishing aspect of the building is a large warehouse space that makes up a portion of the main building. Another characteristic of this property is the fenced and gated large storage lot behind the building which features an additional building housing a smaller warehouse and office. This property currently has a high rent roll, including the storage lot behind, enticing the savviest investors.

MAJOR TENANTS

Blue Water Canvas
-
1,000 SF
-
-
-

I-DOC
Information
150 SF
-
Full Service Gross
-

The Hardy Group, Inc.
-
5,000 SF
-
-
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
Blue Water Canvas	-	1,000 SF	-	-	-
I-DOC	Information	150 SF	-	Full Service Gross	-
The Hardy Group, Inc.	-	5,000 SF	-	-	-