505 Plaza Cir - Office FOR SALE
Orange Park, FL 32073 |
505 Plaza Cir
Orange Park, FL 32073
HIGHLIGHTS
- Exceptional security via the first position, guaranty, cross-collaterization, cross-default, and associated rights
- Substantial opportunity for value creation by leasing up the vacancy, repositioning for individual building user or private investor purchase
- 50% Appraised LTV at origination, basis reset opportunity
- Three highly-functional, Class A waterfront office properties built between 2001 and 2006, with large and flexible floor plates and abundant parking
- Strategic location, just 5 miles south of the Jacksonville Naval Air Station via US-17, with easy access I-295 and nearby retail, dining, and ent.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
$14.7 Million UPB, Non-Performing Loans
PROPERTY TYPE
Office
ADD'L SUBTYPES
Medical, Office/Residential
TOTAL BUILDING SIZE
50000
STORIES
2
BUILDING CLASS
A
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
288
LAND DETAILS
LAND ACRES
3.36 AC AC
LAND SF
146,401 SF
ZONING
-
APN/PARCEL ID
05-04-26-019825-001-61,05-04-26-019825-001-66
