6100 St Johns Ave Listing Details & Market Data

6100 St Johns Ave, Palatka, FL 32177

  • For Sale $1,500,000
  • Property Type Office - Medical Office
  • Property Size 9,292 SF
  • Units 6
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 2006
  • Date Updated Mar 8, 2024
Palatka, FlMarket Force CRE, as exclusive advisors to the seller, is pleased to present this opportunity to acquire a Value-Add Medical Office Complex in bustling Palatka, Florida. Comprised of two identical Medical Office buildings built in 2001 and 2006, both buildings encompassing 4,646 SF between 3 units each, 6 units total. Currently 5 of 6 units are occupied, with a 5.73% As-is Cap and a 8.4% Fully-Stabilized Cap Rate. Market Force is in the process of transitioning all units to NNN leases and filling vacant units. Unit 5 is available for lease separately. The Owner-occupant is willing to execute a sale-leaseback at closing. Please Reference the attached Offering Memorandum for As-is and Pro-Forma Rent Rolls.up to 4,500+- SF Of Medical Office available for lease

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Highlights

  • Less than 1/4 Mile from Kay Larkin Airport
  • Dominant positioning less than 1/2 mile from State Road 19, with 20,500 AADT.
  • 8.4% PRO-FORMA Cap if Fully Stabilized
  • Diverse tenant mix
  • Less than 1/4 Mile from HCA Florida Putnam Hospital
  • 5.73% AS-IS Cap

Contacts

broker

Zach Lemke

RE/MAX Market Force

(904) 501-5210

Location

Getting Around

  • Walk Score ®

    Car-Dependent (11)

  • Bike Score ®

    Somewhat Bikeable (32)
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  • City Palatka, FL
  • Neighborhood Palatka
  • Zip Code 32177
  • Market North Central Florida

Points of Interest

  • Palatka

    2.77 miles

  • RaceWay

    5.11 miles

  • Shell

    5.41 miles

  • Woody's BBQ

    0.74 miles

  • Viva! Italia Pizzeria

    3.25 miles

  • Brickhouse

    3.31 miles

  • City Cafe

    3.31 miles

  • Angel's Dining Car

    3.38 miles

  • Subway

    3.40 miles

  • Beef O'Brady's

    3.55 miles

  • McDonald's

    4.89 miles

  • Taco Bell

    4.92 miles

  • Popeyes

    4.93 miles

  • Florida School of the Arts

    0.30 miles

  • Saint Johns River College

    0.41 miles

  • Palatka High School

    1.03 miles

  • Mellon Elementary School

    1.27 miles

  • Eleanor H Miller School

    1.31 miles

  • Silver Lake School

    1.65 miles

  • Robert H Jenkins, Junior, Middle School

    1.82 miles

  • Moseley Elementary School

    2.01 miles

  • Saint Monicas School

    2.12 miles

  • River Breeze Elementary School

    2.13 miles

Contact Listing Broker

broker

Zach Lemke

RE/MAX Market Force

(904) 501-5210