725 W Granada Blvd - Medical CONDO FOR SALE


Ormond Beach, FL 32174- Outer Ormand Beach
$2,500,000 USD
386-301-4581
725 W Granada Blvd, Ormond Beach, FL for Sale
$2,500,000 USD
Medical CONDO - FOR SALE
1/9
null | 6.96% Cap Rate

725 W Granada Blvd
Ormond Beach, FL 32174
Outer Ormand Beach


HIGHLIGHTS

  • Stabilized single-tenant medical office condo
  • 100% leased to long-tenured medical tenant
  • Strong visibility on Ormond Beach’s prime corridor

OVERVIEW

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. With a 25-year tenured anchor, a broad insuranceaccepting patient base, and the low-maintenance ownership structure of an office condo, this offering is well-suited for a private investor or 1031 exchange buyer seeking dependable, healthcare-driven income in a high-demand Florida market.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.96%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Granada Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

27,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

B-9

APN/PARCEL ID

17 PARCELS

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.