$2,500,000
725 W Granada Boulevard, Ormond Beach, FL 32174
Ormond Beach, FL 32174
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About This Property
A fully stabilized, single-tenant medical office condo offered on Ormond Beach's busiest commercial corridor. Granada Professional Center presents the opportunity to acquire a portfolio of office condo units within one of Ormond Beach's most established professional complexes, 100% occupied by a single, long-tenured medical tenant. Offered at $2,500,000, with a 6.96% cap rate on current weighted average NOI of $173,896 over recently signed 5-year lease from Coastal Pain & Neurology Centers, a multi-physician specialty practice that has operated continuously at this location since 2000. The 9,180 square foot unit is built out for full medical use, featuring high ceilings, storm-rated doors and windows, and ample on-site parking, with prominent monument signage along W. Granada Boulevard (State Road 40) - carrying over 33,500 vehicles per day.
Features
Property Details
Listing Information
Listing provided courtesy of Carl Lentz, SVN Alliance Commercial Real Estate Advisors.
MLS #: 1225921 — Daytona Beach Area MLS (DBAMLS).
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