Granada Professional Center | Single-Tenant Investment Opportunity
$2,500,000
725 W. Granada Boulevard, Ormond Beach, FL 32174
9,180 sqft
Building Size
B
Class
Details:
Highlights:
- Stabilized single-tenant medical office condo
- 100% leased to long-tenured medical tenant
- Cap Rate 6.96%
- Strong visibility on Ormond Beach’s prime corridor
Description:
A fully stabilized, single-tenant medical office condo offered on Ormond Beach's busiest commercial corridor.
Granada Professional Center presents the opportunity to acquire a portfolio of office condo units within one of Ormond Beach's most established professional complexes, 100% occupied by a single, long-tenured medical tenant. Offered at $2,500,000, with a 6.96% cap rate on current weighted average NOI of $173,896 over recently signed 5-year lease from Coastal Pain & Neurology Centers, a multi-physician specialty practice that has operated continuously at this location since 2000.
The 9,180 square foot unit is built out for full medical use, featuring high ceilings, storm-rated doors and windows, and ample on-site parking, with prominent monument signage along W. Granada Boulevard (State Road 40) - carrying over 33,500 vehicles per day. With a 25-year tenured anchor, a broad insurance-accepting patient base, and the low-maintenance ownership structure of an office condo, this offering is well-suited for a private investor or 1031 exchange buyer seeking dependable, healthcare-driven income in a high-demand Florida market.
Located on the north side of Granada Blvd just east of Nova Road.
office condo
Documents:
| Title | ||
|---|---|---|
| Granada Professional Center Condo Docs.pdf | ||
| Confidentiality Agreement | ||
| 725 W. Granada Blvd OM - 1 Tenant | ||
| rendering.html |
Location
Gallery
