Cook Commercial Partners. are pleased to present the Fresenius Medical Care – St. Augustine anchored medical office property located in St. Augustine, Florida. The subject property is a 9,209 square foot, two-tenant built-to-suit dialysis clinic, which is currently 65% occupied by Fresenius and 35% occupied by the current owner, and nephrologist, Dr. Paul D Jayachandra, MD. Fresenius recently exercised their third 5-year renewal option on their initial 10-year lease early, reflecting a strong commitment to the location. Additionally, the current owner has recently invested around $60,000 in renovations, including: minor roof repairs, replacement of several HVAC units (which come with warranty), replacement of the canopy, and restriped and resealed the asphalt lot. This property offers an investor a strong rental income stream with annual rental growth, and long-term operating history.

The subject property is ideally located within the Jacksonville MSA with strong surrounding demographics. The property is also less than two miles from Flagler Hospital – a 335-bed facility that was ranked among the top five percent in the nation for clinical excellence & patient safety.

100% Occupied By Fresenius Medical Care & Dr. Paul D Jayachandra, MD | National Credit Tenant – Recession & Pandemic Resistant

Strong Population Demographic - Over 72,000+ People Within A 5-Mile Radius | $76,000+ Average HH Income Within A 5-Mile Radius

$60,000 In Renovations, Including: Minor Roof Repairs, Replacement Of Several HVAC Units, Replacement Of The Canopy, & Restriped & Resealed The Asphalt Lot