Freestanding Medical Office Property

Highlights:

• Space Coast/Brevard County- Titusville sits within Brevard County, part of Florida's "Space Coast," anchored by aerospace, defense, and advanced manufacturing. The county has a population of approximately 620,000+ residents and benefits from strong employment drivers tied to Kennedy Space Center and Cape Canaveral.
• Proximity to Major Healthcare Providers- The property is located within close proximity to Parrish Medical Center, a 210+ bed full-service hospital serving North Brevard, as well as additional regional systems including Health First and Orlando Health-supporting consistent demand for medical and service-based tenancy.
• High-Growth Employment Corridor- Titusville continues to see strong economic momentum driven by expansion at Kennedy Space Center and Cape Canaveral Space Force Station, with billions in public and private investment fueling job growth, population inflow, and demand for local services.
• High-Visibility Commercial Corridor- The property fronts Garden Street (SR-406), one of Titusville's primary east-west arteries, benefiting from strong daily traffic counts (~20,000+ VPD) and direct connectivity to US-1 and 1-95-key regional thoroughfares linking the Space Coast to Orlando and broader Central Florida.
• Residential & Population Growth Tailwinds- Brevard County has experienced steady population growth of approximately 10%+ over the past decade, with continued residential development and in-migration from higher-cost coastal and metro markets supporting long-term demand for retail, medical, and service-oriented tenants.
• Strategic Access to Orlando MSA- Located roughly 40-45 minutes from Orlando, the property benefits from proximity to one of the fastest-growing MSAS in the Southeast (2.7M+ population), while maintaining a lower-cost, high-demand suburban setting.
• Functional & In-Demand Size- The ±5,008 SF footprint aligns with typical demand for medical, urgent care, dental, and professional users within the North Brevard submarket-supporting strong backfill potential.
• Multiple Exit Strategies- The asset supports a variety of strategies including lease-up and stabilization for investors or owner-user acquisition, particularly for medical or service-based operators seeking presence in the Space Coast corridor. Broad Medical & Service Use Compatibility- The layout and location support a wide range of uses including primary care, specialty practices, urgent care, dental, behavioral health, and general professional services-enhancing tenant depth and leasing velocity.
• Supply-Constrained Medical Market- North Brevard remains a relatively undersupplied medical office submarket compared to larger Florida metros, creating favorable dynamics for well-located, appropriately sized buildings.
• Turnkey Medical Build-Out-Fully renovated in 2022 with above-standard finishes for a medical user that never occupied, offering a modern, unused clinical layout with exam rooms, lead-lined X-ray, lab, and dental infrastructure-reducing downtime, Tl costs, and accelerating lease-up or occupancy.

Description:

Matthews Real Estate Investment Services is pleased to present the opportunity to acquire a freestanding medical office property at 4300 Garden Street in Titusville, Florida. The +5,008 SF building offers a practical, in-demand size for medical users, supporting strong lease-up potential and flexibility for both investors and owner-users.

The property was fully renovated in 2022 providing a high-quality, never-used build-out. The space includes exam rooms, lead-lined X-ray, lab, and dental infrastructure-significantly reducing downtime, upfront TI costs, and allowing for quick occupancy.

Located along Garden Street (SR-406) with ~20,000+ VPD, the property benefits from strong visibility and easy access to US-1 and I-95. It's also near Parrish Medical Center and supported by regional systems like Health First and Orlando Health, helping drive consistent medical demand.

Titusville continues to see growth tied to Kennedy Space Center and Cape Canaveral, with ongoing investment driving job and population growth. Brevard County has grown over 10% in the past decade, supporting long-term demand for healthcare and service-based real estate.

The asset offers multiple exit strategies, whether for lease-up and stabilization or an owner-user looking for a turnkey medical space in a growing corridor.

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