813-452-5285
603 N Washington Ave, Titusville, FL for Sale
Office - FOR SALE
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603 N Washington Ave
Titusville, FL 32796


HIGHLIGHTS

  • NNN lease structure with 5.26-year WALT and annual 2% escalations.
  • Strategic frontage on US-1 with excellent signage and high traffic exposure.
  • Strong credit tenancy including Health First and physician-backed lease commitments.

OVERVIEW

Positioned in the heart of Titusville’s established medical corridor, MOB – 603 & 605 N Washington Ave offers investors a rare opportunity to acquire a fully leased, institutional-quality medical office asset in Florida’s dynamic Space Coast region. Built in 2001 and spanning 15,600 NRSF across two single-story buildings, the property is anchored by three synergistic healthcare providers: Florida Cardiovascular Association, Health First, and Dr. John Zambos. This tenant mix creates a robust referral ecosystem, ensuring consistent patient traffic and operational stability. The asset boasts a weighted average lease term of 5.26 years under NNN leases, delivering predictable cash flow and minimal landlord responsibilities. Current NOI stands at $429,298, supported by annual rent escalations of 2%, positioning the property for long-term income growth. Florida Cardiovascular Association’s sale-leaseback structure underscores physician commitment and aligns interests for enduring occupancy. Strategically located on US-1 with excellent visibility and signage, the property offers seamless connectivity to I-95 and major arterials, enhancing accessibility for patients across Brevard County. The surrounding Palm Bay–Melbourne–Titusville MSA is experiencing steady population growth and rising healthcare demand, driven by an aging demographic and expanding retiree base. With limited supply of quality medical office space, this asset represents a secure, recession-resistant investment in a high-barrier-to-entry market.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,422 SF

ZONING

CC

APN/PARCEL ID

21-35-33-00-00762.0-0000.00

ASK ABOUT THIS PROPERTY

Garrett BackSkyView AdvisorsMore Info
813-452-5285

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Garrett BackSkyView AdvisorsMore Info
813-452-5285

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