$6,150,000 USD
305-342-1121
950 1st St S
Winter Haven, FL 33880
Downtown Winter Haven
HIGHLIGHTS
- Long-Term Anchor Commitment: Anchored by Palm Medical Centers (93.28% of GLA) with a lease recently extended through September 2034.
- Mission-Critical Medical Hub: Strategically located in a proven healthcare corridor less than 1.5 miles from the 468-bed Winter Haven Hospital.
- Strong Regional Credit: Anchor tenant is a leading provider with over 30 locations in Florida and recent expansion into the Texas market.
- Stabilized Income & Occupancy: 100% occupied multi-tenant facility with mostly a NNN lease structure.
- Inflation Hedge: Features contractual annual rent escalations for the anchor tenant.
- Recent $5.8M Appraised Valuation: Offered at an attractive basis relative to recent property valuation metrics.
FOR SALE DETAILS
PRICE
$6,150,000 USD
PRICE/SF
$303 USD /SF
CAP RATE
7.08%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1st St Professional Condo
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.41 AC
LAND SF
61,247 SF
ZONING
C
APN/PARCEL ID
26-28-28-618571-001010,26-28-28-618571-001020,26-28-28-618571-001030,26-28-28-618571-002010,26-28-28-618571-002020,26-28-28-618571-002030,26-28-28-618571-002040,26-28-28-618571-002050,26-28-28-618571-002060,26-28-28-618571-002070,26-28-28-618571-002080
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305-342-1121
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305-342-1121
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