Office•Medical•For Sale

NNN Medical Office Building

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 7.73%
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 $726,491
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 sits next to Florida Hospital Flagler and surrounded by medical centers and specialists. The building was fully remodeled in 2108 and is 100% occupied with excellent tenants. Majority of leases are approximately 10 years, with options and annual increases. Note: West Orange Dialysis and Nephrology is currently under contract to sell their operations to a national dialysis group. The successful buyer will have free access to interview West Orange and the owners during the due diligence period. 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).
  • 100% leased Medical Office Building
  • 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
2/10/2019 6:44:41 PM 2/10/2019 6:44:41 PM
Gail Bowden
Senior Commercial Real Estate Advisor
Michael Saunders & Company

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