The Town Place Portfolio
Market Price
475 W & 101 E Town Place, St. Augustine, FL 32092
75,362 sqft
Building Size
4.4 acres
Lot Area
Details:
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.
Located within the prestigious World Golf Village community in Saint Augustine, Florida, which is well known as one of the biggest travel destinations by locals and visitors alike. This property draws in many prospective tenants due to its close proximity to major roadways, I-95 and US-1, and the central location between North and Central Florida, which makes it a very easy commute for employees who prefer to reside in other areas of the state. The property is also surrounded by top-rated public and private schools, upscale and affordable housing, outstanding recreational opportunities, tremendous demographics, and access to all major arteries within the metropolitan area. The World Golf Village location is one of the wealthiest in Northeast Florida, with an average household income of $129,762 within a 10-mile radius of The Town Place Portfolio. In addition, there are roughly 36,387 daytime employees and a population of 166,390 within the same radius.
Documents:
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Location
Gallery
