NNN Medical Office Building

Office for Sale
Catylist Listing ID: 30355551
Property Subtypes: Medical
Building Size (RSF): 28,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.47 Acres
Sale Price: $9,400,000
Unit Price: $335.71 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.73%
Average Occupancy Rate: 100
Last Updated: 4/11/2019

Overview / Comments

Investment Opportunity - Palm Coast is a Multi-tenant NNN medical office building located in
Palm Coast. The property sits next to Florida Hospital Flagler and surrounded by medical centers
and specialists. The building was fully remodeled in 2108 and is 100% occupied with excellent
tenants. Majority of leases are 10 years, with options and annual increases.

Note: West Orange Dialysis and Nephrology is currently under contract to sell their operations to a national dialysis group. The successful buyer will have free access to interview West Orange and the owners during the due diligence period.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Flagler
Tax ID/APN: 06-12-31-5815-00000-0230
Zoning: MPD
Property Visibility: Excellent
Area Description: Palm Coast is a growing oceanfront community on the east coast of Florida. South of Jacksonville (68.0 miles) and North East of Orlando Florida (74 miles).
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2008
Year Renovated: 2018
Parking Type: Surface
Total Parking Spaces: 100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,845 24,882 55,054
Median Age: 36.43 43.47 45.07
Households: 1,056 10,034 22,249
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