5600 Spring Park Road

Highlights:

• Strategic location in proximity to main hospitals
• I-95 highway and 295 beltway provide excellent traffic count and visibility
• A1 Imaging tenant is a nationwide medical diagnostics center
• Parkside Clinic tenant provides mental and substance abuse treatments
• Angelwood tenant serves families with intellectual and developmental
• differences,
• Penyal tenant serves the community with speech therapy techniques
• 90 % occupancy well above the average of its peers
• Impressive 9.46% cap rate and 20.7% cash on cash
• 78 Parking Spaces completely sealcoated with ratio of 5.25
• Central to residential and commercial areas
• CCG-1 zoning - Sec.656.313 permits broad commercial uses

Description:

The property is located in the southeast entrance of Jacksonville, Duval County, Florida. It consists in one building - 11,002 sf - with 4 suites and one stand alone building with 3,855 sf, totaling 14,857 sf in rental area. The total parcel area is around 78,896, or 1.82 AC. Ample parking space for customers and employees.

Strategically located in the main arteries surrounding Jacksonville, the offices can be accessed by I95 - 295 and surrounding roads bringing an impressive traffic count and visibility. The complex is in the proximity of Memorial Hospital, St. Vincent's Medical Center and Baptist Hospital.
Florida is attracting investors in the real estate market due to low tax burden, good infrastructure, natural hub with South America, workforce diversity and population growth. The highest in-migration population among US states puts pressure on the housing market. Consequently, the service industry benefits from larger population.
Duval county is ranked the 6th largest county in GDP in the US.Healthcare is one of the major industries in the region and accounts for 15% of the workforce in Jacksonville. The wages in Duval are 20% higher than other surrounding counties. Baptist Heath, St. Vincent Hospital and Mayo Clinic are among the top 10 employers in the city.

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