$5,839,480 USD
262-729-6915
950 1st St S
Winter Haven, FL 33880
Downtown Winter Haven
HIGHLIGHTS
- TENANT COMMITMENT TO LOCATION: Palm Medical Center Lakeland LLC recently extended its lease through September 2034.
- GROWING REGIONAL HEALTHCARE NETWORK: Palm Medical Center Lakeland LLC is part of Palm Medical Centers.
- HEALTHCARE-FOCUSED TENANCY: Both tenants provide medical services and benefit from their location within a high-demand healthcare corridor.
- PASSIVE LEASE STRUCTURES: Palm Medical’s lease is structured as NN+, with the tenant responsible for taxes, insurance, and repairs.
- FAST GROWING FLORIDA MARKET: Winter Haven is one of Central Florida’s fastest-growing cities, ideally positioned between Tampa and Orlando.
- HOSPITAL PROXIMITY: The property is located just 1.3 miles from Winter Haven Hospital (BayCare Health System).
FOR SALE DETAILS
PRICE
$5,839,480 USD
PRICE/SF
$287 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PALM MEDICAL CENTERS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
26-28-28-618571-002030
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262-729-6915
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262-729-6915
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