15,000 Office Building
2450 Old Moultrie Road, St. Augustine, FL
For Sale
Office
$2,750,000
Price
7%
Cap Rate
$191,561
NOI
Overview
Cap Rate
7%
NOI
$191,561
Occupancy
85%
Class
B
Year Built
2002
Tenancy
Multiple
Floors
3
Parking Spots
50
Year Last Renovated
Painted in 2020
Construction Status
existing
Roof
barrel tile
Description
Moultrie Place is 15,000 sf office Building and complex comprised of two buildings. This offering for purchase is a great return on investment with upside in the leases. Solid long term leases in place. Conveniently located near schools/universities and hospital with easy access to I-95. Located 1 block west of US 1 South and less than 1 mile south of State Road 312. Frontage on Old Moultrie Road. Perfect to convert to medical due to such close proximity to Flagler Hospital.
Highlights
- Perfect for investment or Owner User
- Very close proximity to Flagler Hospital
- Property maintained very well
- Property designed and owned by architect/owner David Mancino
- Very close to shopping and restaurants