Fully Leased Office Condo Portfolio Office FOR SALE


Ormond Beach, FL - Outer Ormand Beach
$772,000 USD
386-301-4581
, Ormond Beach, FL for Sale
$772,000 USD
Office - FOR SALE
1/9
null | 6.99% Cap Rate

Fully Leased Office Condo Portfolio
Ormond Beach, FL
Outer Ormand Beach


HIGHLIGHTS

  • Fully leased office condo portfolio
  • Healthcare-focused income stream
  • Strong visibility on Ormond Beach's prime corridor

OVERVIEW

Three fully leased office condo units offered as a portfolio on Ormond Beach's busiest commercial corridor. Granada Professional Center offers three office condo units built in 2006, featuring high ceilings, storm-rated doors and windows, ample on-site parking, and prominent multi-tenant monument signage along W. Granada Boulevard (State Road 40), which carries over 33,500 vehicles per day. The units are 100% occupied by Hopkins Hearing Institute, Seahaven Chiropractic, and The Vanity Room Salon, delivering a diversified, healthcare-focused income stream supported by a surrounding trade area with an average age of 51.1 and household incomes approaching $84,300 within three miles. Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69, this is a rare, fully stabilized investment opportunity well suited for a private investor or 1031 exchange buyer seeking low management, cashflowing assets in a high-demand Florida market.

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.