Office•Medical•For Sale

Davita Kidney Care anchored Medical Office Building with new 12 year lease

57 Center Town Court , Palm Coast, Florida 32164

Sale Price $9,400,000
Sale Type Net Lease Investment
Zoning MPD
Bldg Type Multi-Tenant
Class A
Status Existing
Year Built 2008
Year Renovated 2018
Stories 2
Cap Rate 8.05%
Vacancy 100%
Gross Bldg 28,000 SqFt
RBA 27,310 SqFt
Land Area 2.47 Acres
Improvements Palm Coast is a Multi-tenant NNN medical investment opportunity
Net Op Inc $756,794.27
Market Jacksonville
Sub-Market Palm Coast
Legal Descr TOWN CENTER PHASE I MB 35 PG 13 LOT 23 2.478 ACRES OR 1427 PG 1645 OR 1436 PG 1571-CD OR 1977/320 OR 2086/207
Investment Opportunity - Palm Coast is a Multi-tenant NNN medical office building located in Palm Coast. The property is situated next to AdventHealth Hospital and surrounded by medical centers and specialists. The building was fully remodeled in 2108 and occupied with excellent tenants. The majority of leases are approximately ten years, with options and annual increases. Owner currently has a Non-Recourse loan in place that must be assumed — 10-year fixed rate. Palm Coast is a growing oceanfront community on the east coast of Florida. South of Jacksonville (68.0 miles) and North East of Orlando Florida (74 miles).
  • Class A Office Buildout
  • Long-term leases
  • Excellent location in an expanding medical market
  • Close proximity to major Hospital and medical centers
  • Easy Access to Orlando and Jacksonville
8/6/2019 9:38:27 PM 12/10/2019 3:39:09 PM


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