Granada Professional Center | Investment Opportunity
$772,000
725 W. Granada Boulevard, Ormond Beach, FL 32174
2,692 sqft
Building Size
B
Class
Details:
Highlights:
- Fully leased office condo portfolio
- Healthcare-focused income stream
- Cap Rate 7%
- Strong visibility on Ormond Beach's prime corridor
Description:
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, cash-flowing assets 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 | ||
| 725 W. Granada Blvd OM - 3 Tenants | ||
| rendering.html |
Location
