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Prime Medical Office Space 20 Cypress Point Pky

11,536 SF 100% Leased Retail Building Palm Coast, FL 32164 $6,700,000 ($580.79/SF) 5% Cap Rate

INVESTMENT HIGHLIGHTS

  • Central, accessible location for easy access by older demographic patients
  • New standing seam metal roof
  • Parking exclusive to building

EXECUTIVE SUMMARY

DESIRABLE MEDICAL SECTOR PASSIVE INVESTMENT.
Prime NNN lease investment property 100% leased to two established national/regional medical tenants. Both 10 year leases with options. Both serve the aging demographics with services covered primarily by Medicare. Both newly renovated spaces by tenants, spent estimated $400 psf in TI. All new roof, plumbing, electric, landscaping, irrigation and newy code compliant.
Professional CPM property management in place at cost passed through to tenants.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,536 SF
Building Class
C
Year Built
2004
Price
$6,700,000
Price Per SF
$580.79
Cap Rate
5%
NOI
$334,985
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.31 AC
Zoning
Commercial - Office/Retail
Parking
54 Spaces (4.68 Spaces per 1,000 SF Leased)
Frontage
93’ on Belle Terre Pkwy

AMENITIES

  • Monument Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Conviva’s physician-led Care Teams are driven by the passionate belief that patient care always comes first. Every day at Conviva, you’ll find doctors who listen and spend time helping you reach personal health goals. By focusing on preventive care, their patients spend less time in the hospital and more time doing what they love. Conviva’s innovative, value-based approach means each patient gets the best care, when needed most, and for the lowest cost. Working together on personalized care plans with each senior, they have seen more than a 30%** decrease in hospital stays and 20%*** reduction in ER visits. It’s about time you feel confident about the care you receive.

  • Skigen DND
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Skigen DND Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

PNC Bank
Bank of America
South State Bank
Truist
Publix
Steak ‘n Shake
Winn Dixie
Ameris Bank
Sonny"s Real Pit Bar B-Q
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-11-31-7025-000C0-0130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,375,751
  • Listing ID: 33616733

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 20 Cypress Point Pky, Palm Coast, FL 32164

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