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16 St Johns Medical Pk Dr
Saint Augustine, FL 32086 Greater St Augustine

$1,985,852 USD

Office For Sale  •  6,763 SF

Property Details

  • Property Type Office
  • Total Building Size 6,640 SF
  • Building Class A
  • Year Built 1994
  • Cap Rate 6.75 %
  • Tenancy Single
  • Zoning CG - Commercial
10 Transit Score
40 Walk Score

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.
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Internal Medicine Associates of St Johns
Jake Allen 954-295-4534 Matthews Real Estate Investment Services
Jake Allen 954-295-4534 Matthews Real Estate Investment Services