Listed by Strategic Sites, LLC
$1,895,000
Neptune Oaks Professional Park
Details
Property Type Retail, Office
Sub Type Traditional Office
Square Footage 5,750
NOI $70,126
Occupancy 100%
Tenancy Multi
Year Built 1985
Buildings 2
Zoning NC1 (office, light retail, and professional services)
Parking Spaces 4 per 1,000 sq ft
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple
100% Occupied Neptune Beach, FL Office/Retail Buildings
Marketing description
Neptune Oaks Professional Park is a condominium development with 6 Buildings. Each has a non-divided, non-allocated interest in common area. The property features 2 buildings with +/-2,875 SF each (+/-5,750 SF Total) with fee simple ownership/lots. Building construction includes stucco over wood frame, wood truss, and asphalt shingle roof (roofs replaced in 2014 & 2015). Originally constructed in 1985.
Investment highlights
- Purchase Price: $1,895,000
- 2 Buildings: +/-2,875 SF each (+/-5,750 SF Total) -Fee Simple Ownership/Lots
- Neptune Oaks Professional Park is a condominium development with 6 Buildings. Each has a non-divided, non-allocated interest in common area
- Parking: Total of 4/1,000 on surface lot
- Zoning: NC1 (office, light retail, and professional services)
- Building Construction: Stucco over wood frame, wood truss, asphalt, Shingle Roof (roofs replaced in 2014 & 2015). Originally constructed in 1985
- Association Fees: $6,000/Year per building
- Current NOI: $70,126 (Leases below market; upside potential)
- Occupancy: 100 % (All 6 Buildings are 100% Leased. The two subject buildings have 6 Tenants)
Listing Contacts
Listed by Strategic Sites, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,126.00
$5,843.83/mo
Valuation Metrics
0
DSCR
3.7%
Cap Rate
3.7%
ROI
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