$1,985,852 USD
954-295-4534
16 St Johns Medical Pk Dr
Saint Augustine, FL 32086
Greater St Augustine
HIGHLIGHTS
- The property features a newly executed 10-year lease with 2% annual rent increases, providing stable income growth and inflation protection.
- This is a passive, hands-off investment with the tenant responsible for maintenance, taxes, and insurance.
- The surrounding area is affluent with strong healthcare demand, supported by an aging population and above-average incomes.
- Located in St. Johns County, the property benefits from over 60% population growth since 2010 and continued expansion.
- Positioned near UF Health Flagler Hospital, the site offers strong medical synergy and referral potential.
- Millennium Physician Group is a leading provider with 750+ healthcare professionals and 200+ locations, ensuring strong tenant credit.
FOR SALE DETAILS
PRICE
$1,985,852 USD
PRICE/SF
$294 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Millennium Physician Group
PROPERTY TYPE
Office
ADD'L SUBTYPES
Convenience Store, Medical, undefined
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
A
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CG - Commercial
APN/PARCEL ID
172966-0700
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954-295-4534
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954-295-4534
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