This two-building package—1801 S Nova Rd (Building 1) and 955 Foster Way (Building 3)—offers a combined 50,515 SF of fully leased medical and professional office space within Landmark Business Park, Daytona Beach MSA. Both properties are 100% occupied with stable, long-term tenants, delivering strong cash flow and upside potential.
Proforma 2025 Financials (Combined):
Total Rental Income: $705,917.64
Total Expenses: $293,623.37
Net Operating Income (NOI): $412,294.27
Expense per SF: $5.93
Cap Rate (at $6.3M): 6.55%
This two-building portfolio presents a rare opportunity to acquire a strong, stabilized income-producing asset with year-over-year growth potential. Both buildings are professionally managed, well-maintained, and designed for long-term performance with minimal owner involvement. With 100% occupancy, a 40% medical tenant mix, and a blend of long-term medical and national tenants, this investment delivers security, consistency, and upside.
Financial Highlights
Total Rental Income: $705,917.64
Total Expenses: $214,094.05
Net Operating Income (NOI): $491,823.59
Expense per SF: $4.24
Offering Price: $6,300,000
Pro Forma Cap Rate: 7.81%
Building Performance
Building 1: NOI $208,125.55 | Expense PSF $4.36
Building 3: NOI $283,698.04 | Expense PSF $4.12
With a combined NOI approaching half a million dollars and a cap rate near 8%, this portfolio offers immediate cash flow with strong forward-looking stability. Quality block and steel construction, excellent tenant retention, and balanced operating expenses make this a true turnkey acquisition for investors seeking durable returns.
Portfolio Highlights
11 total units
100% occupied
40% medical tenancy
Long-term medical & national tenants
Block & steel construction
Prime location in a high-demand commercial corridor
Below market value pricing
Sold together only
Full financials, rent roll, and lease details available upon execution of an NDA.