FoxRidge Office Center

​752 Blanding Blvd., Orange Park, FL  32065

This offering consists of three tax parcels:  Building A which is 3,498 SF, Building B which is 8,084 SF, and an additional parking parcel between them. Building A is occupied by a Chiropractor that owns the building and has been practicing there for twenty-four years.  He will be retiring and vacating the premises upon closing of the transaction. Building B is approximately 80 % occupied by a variety of tenants with one year lease terms. The potential upside for both of these buildings is enormous. Building A rests at the corner of a four way lighted intersection on Blanding Boulevard. It could easily be remodeled for retail use providing increased value with a drive -thru that would increase visible exposure for the multi-tenant office/retail building. The property is zoned BA which permits all commercial uses that benefit the neighborhood except for industrial. 62,500 vehicles pass this location each day. Building B has tremendous upside achievable within one year by converting these gross leases to NNN and from useable square feet to rentable square feet. 

Property Overview

Property contains a multi- tenant building and a stand alone building on an excellent retail corner with a traffic light on the four way intersection at Blanding Bouldveard and Foxridge Road. There is a pylon sign and a monument sign in front of the property on Blanding Boulevard. 

Location Overview 

The property is located in the thriving Orange Park / Clay County Submarket of the Jacksonville Fllorida MSA.  Vacancy in the office submarket is approximately 5,8%.  About 81,000 SF is under construction, representing a 21% expansion of inventory. Average rents are around $19.50/SF, which is an approximate 4.6% increase from a year ago. Over the past three years rents have increased a cumulative 17.4%.

Property Summary

• Building SF: 11,582
• Lot Size: 1.83 Acres
• Parking Ratio: 3.7/1000 SF
• Parking: Paved Lot
• Price: $2,026,000
• Year Built: 1982
• Zoning: BA