20 Cypress Point Pky - Freestanding CONDO FOR SALE


Palm Coast, FL 32164- Town Center
$3,798,000 USD
386-301-4581
20 Cypress Point Pky, Palm Coast, FL for Sale
$3,798,000 USD
Freestanding CONDO - FOR SALE
1/6
null | 5.79% Cap Rate

20 Cypress Point Pky
Palm Coast, FL 32164
Town Center


HIGHLIGHTS

  • 7,536 SF medical office leased to Humana Conviva Care Center
  • Investment-grade healthcare tenant serving the 55+ population
  • NNN lease with 2% annual rent increases

OVERVIEW

7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF. Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway. Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand. The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options. LOCATION OVERVIEW Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.

FOR SALE DETAILS

PRICE

$3,798,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

5.79%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conviva | NNN Medical Office Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

11,756 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

COM-2

APN/PARCEL ID

07-11-31-7025-000C0-0130

ASK ABOUT THIS PROPERTY

John TrostSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-301-4581

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John TrostSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-301-4581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.