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29940948
29940950

2 Locations

LD
FL SL3505175
SVR Commercial LLC Ponte Vedra Beach
TP
FL SL3512409
SVR Commercial LLC Ponte Vedra Beach
CW
FL SL3383649
SVR Commercial LLC Ponte Vedra Beach
JT
FL BK3122117, NY 30TE0892302
SVR Commercial LLC Ponte Vedra Beach
Listed by SVR Commercial LLC Ponte Vedra Beach
Unpriced
106 days on market
Updated 55 days ago

The Town Place Portfolio

Details
APN 0279550083 & 0279550090
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 77,422
Net Rentable (SqFt) 75,362
Occupancy 96.3%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Broker Co-Op Yes
Class B
Year Built 1997 & 2000
Buildings 2
Stories 2
Acreage 4.400
Zoning PUD
Investment Type Core+

Office Portfolio in St. Augustine, FL | 77,422 SqFt

Marketing description

SVR Commercial, as exclusive advisor, is privileged to present the opportunity to acquire The Town Place Portfolio located at 101 East Town Place & 475 West Town Place, St. Augustine, FL (Jacksonville MSA) (the “Property”). The Property consists of Two adjacent office buildings totaling 75,362 rentable square feet, situated on 4.4 acres of land.

The Town Place Portfolio offers investors a rare opportunity to acquire a historically stabilized asset that is 96.3% occupied by a diverse group of well-regarded corporate, national, and regional office tenants, including Brown Jordan International, who are headquartered at this location, Spartan Orthopedic Institute, First Tee of North Florida, Farmer Insurance, Elite DNA Behavioral Health, May Management, and many others. This property also has a strong executive suite component that is lacking or non-existent in many other nearby competitors, with each building having its own conference rooms for the executive suite floors.

Investment highlights

  • INSTITUTIONAL QUALITY INCOME PRODUCING OFFICE COMPLEX

  • VALUE-ADD ON AN ALREADY STRONG IN-PLACE CASH FLOW

  • GREAT LOCATION / NEARBY AMENITIES / DENSE TRADE AREA

Listing Contacts

LD
FL SL3505175
SVR Commercial LLC Ponte Vedra Beach
TP
FL SL3512409
SVR Commercial LLC Ponte Vedra Beach
CW
FL SL3383649
SVR Commercial LLC Ponte Vedra Beach
JT
FL BK3122117, NY 30TE0892302
SVR Commercial LLC Ponte Vedra Beach
Listed by SVR Commercial LLC Ponte Vedra Beach

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Additional Information

Name
Lenny DeGirolmo
License
SL3505175
Name
Tyler Powell
License
SL3512409
Brokerage
Tyler Powell
Title
Commercial Broker
Brokerage Address
100 Fairway Park Boulevard
Name
Chris Woodward
License
SL3383649
Brokerage
SVR Commercial LLC
Brokerage Address
100 Fairway Park Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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