New Season — Sale in St. Augustine, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: St. Augustine, FL 32092

Photos

New Season — Sale in St. Augustine, FL, photo 1 of 3
New Season — Sale in St. Augustine, FL, photo 2 of 3
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Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a new 10-year NNN, New Season treatment Center in the income-tax free state of Florida. New Season is a leading provider of care for Opioid Use Disorder (OUD) since 1986, with roughly 100 treatment centers in 20 states nationwide, approximately thirty (30) of which are in Florida. In addition to providing customized therapeutic programs and Medication-Assisted Treatment (MAT) programs to patients, they work to support the education and understanding of opioid addiction and what can be addressed with treatment. The asset is a brand new ,full-term 10-year, Triple-net, medical office property with annual escalations in the base term and options. It is situated at the intersection of I-95 and S.R. 16 in the Jacksonville MSA in St. Augustine, FL with immediate proximity to Elevation Point, a new mixed-use project anchored by Publix. It is insulated from risk geographically being situated at the entrance to "St. Aug." (America's Oldest City) within a city renowned for building moratoria. As such, and with access to the interstate, "Old Town" area waterways, World Golf Village the property is surrounded by abundant retail and insulated from competitive threat. Area retailers include but are not limited to: Starbucks, KFC, Taco Bell, Best Western, Red Roof Inn, Cracker Barrel, Hampton, McDonald's, Circle K, Burger King and others make it an outstanding investment and insulate it further from risk or value erosion. Investment Highlights: • Brand New 10yr NNN Corporate Medical STNL Asset • Immediate Interstate-95 Location at St. Augustine & S. R. 16 • 10-Yr Corporate Guarantee with Annual Escalations • Excellent Hotel-Oriented Ingress/Egress in path of new growth • Income-tax Free State of Florida • www.newseason.com Over Four Decades of Hope • Immediate Proximity to World Golf Village, Palencia, Sawgrass (The Players Championship) & others... • In immediate Proximity to Elevation Point (200+/-acre) Mixed-Use development project incl

Market Context

This office in St. Augustine, FL is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in St. Augustine, FL — view the full market.

As of Q2 2026, the Jacksonville office market showed a 20.5% vacancy rate, and average asking rents near $23.25/SF/yr. Source: multiple brokerage reports, Q2 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Jacksonville office market tightening or softening?
Vacancy is around 20.5% (Q2 2026).

Estimated Price per SF

$127.88/SF – $930.07/SF

Mid: $387.53/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact the listing broker

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Questions to ask the broker

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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