The Town Place Portfolio
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
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