Listed by Coldwell Banker Commercial Premier Saint Augustine
$5,000,000
Mandarin Executive Office Building
Details
APN 148976-0050
Property Type Office
Sub Type Traditional Office
Square Footage 34,938
Cap Rate 9.23%
NOI $461,330
Occupancy 90.44%
Tenancy Multi
Class A
Year Built 1980
Year Renovated 2020
Stories 2
Acreage 2.400
Zoning CCG-1
Investment Type Stabilized
Office | 9.23% CAP | 34,938 SqFt
Marketing description
Impeccably modernized office building designed to accommodate a variety of industries and professions that presents an array of exceptional turnkey and spec suites, tailor-made to cater to diverse business requirements. This two-story structure underwent a comprehensive renovation in 2020, elevating it to the forefront of contemporary office spaces.
The selection of suites available within this property is nothing short of impressive. Ranging from 390 to 16,000 square feet in size, each suite is thoughtfully crafted to meet specific business needs. Private offices provide executives and teams with a secluded and focused workspace, while training rooms facilitate knowledge sharing and skill development. This cutting-edge office complex is an ideal fit for call centers, marketing centers, government offices, event venues, and other professional firms. For those seeking a collaborative atmosphere, co-working spaces offer the perfect blend of flexibility and interaction.
Investment highlights
- Rare mix of small business suites perfect for companies of one to four and much larger 16,000 SF suite suitable for OWNER OCCUPANT!
- Unique building designs and a park-like setting combine with a diverse tenant mix to create a thriving community fostering innovation.
- Ample free parking is available on-site, and commuters have direct access to Highway 295, leading to Downtown Jacksonville in 23 minutes.
- Situated a stone’s throw to destinations like The Avenues, a popular mall featuring retail staples and big-box stores like Belk and Dillard's.
- Additional retention pond parcel available for $50,000.00!
Listing Contacts
Listed by Coldwell Banker Commercial Premier Saint Augustine
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$461,329.91
$38,444.16/mo
Valuation Metrics
0
DSCR
9.23%
Cap Rate
9.23%
ROI
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