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1545 Hand Ave
Ormond Beach, FL 32174
NNN Ambulatory Surgical Center · Office Property For Sale

Investment Highlights

  • Medical NNN Investment Property in desirable Millennium Medical Park (Daytona Beach MSA)
  • New 10 year NNN leases with renewals will be signed at closing
  • Sale/leaseback opportunity
  • 6.25% cap rate year one with 3% annual increases

Executive Summary

Offered For Sale is a Medical NNN Investment Property in desirable Millennium Medical Park in Ormond Beach, FL. 10,921 SF freestanding medical office building comprised of five office condos located in the Millennium Medical Park Condo Association. Sale/leaseback opportunity. New 10 year NNN leases with renewals plus 3% annual increases will be signed at closing. Ambulatory Surgical Center with Class ‘C’ Operating Room, 3 Procedure Rooms, 6 Pre-Op/Recovery Beds, Nurse Station, Dressing Rooms with Restroom & Shower, Staff Lounge, Staff Locker Room with a Restroom & Shower, Business Office, Reception, Waiting Room with Two Restrooms, and large Multi-Purpose Room - 8,100 SF Medical Office with 6 Exam Rooms, 2 offices, Nurse Station, Waiting Room, Reception, and 2 restrooms - 2,821 SF. An exceptional addition to your real estate portfolio! LOCATION OVERVIEW Located just west of the Clyde Morris Boulevard and Hand Avenue interchange in Ormond Beach. Approximately 2 miles to AdventHealth Daytona Beach and Interstate 95.

Property Facts

Property Type Office
Property Subtype Medical
Building Class B
Lot Size 9.56 AC
Rentable Building Area 10,921 SF
No. Stories 1
Year Built 2015
Tenancy Single
Parking Ratio 2.66/1,000 SF
APN / Parcel ID
4229-16-00-0010
  • 4229-16-00-0020
  • 4229-16-00-0030
  • 4229-16-00-0040
  • 4229-16-00-0050
Zoning PBD - Planned Business District

Amenities

  • Signage
  • Listing ID: 27509004

  • Date on Market: 1/13/2023

  • Last Updated:

  • Address: 1545 Hand Ave, Ormond Beach, FL 32174

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