725 W Granada BoulevardOrmond Beach, FL 32174
Volusia County
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. 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
Property Information
- Property type
- Commercial Sale
- Sub-type
- Office
- Building area
- 9,180 Sq Ft
- Days on market
- 161
- MLS® Listing#
- 1225921
Property Features
- Parking
- Other
- Lot features
- Other
- Parcel number
- x
Directions
Located on the north side of Granada Blvd just east of Nova Road.
Listing Courtesy: SVN Alliance Commercial Real Estate Advisors - 3863107900
Presented by: Carl Lentz
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
