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725 W Granada Blvd - Investment Opportunity 9,180 SF Medical Condo Unit Offered at $2,500,000 in Ormond Beach, FL 32174
Investment Highlights
- Single Tenant Investment Opportunity
- Strong visibility on Ormond Beach’s prime corridor
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 17 Parcels |
| Cap Rate | 6.96% |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| APN/Parcel ID | 17 Parcels |
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.
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.
Sale Notes
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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Multiple | 9,180 SF | Medical | $2,500,000 ($272.33/SF) | $173,896 |
Unit Multiple
| Unit Size |
| 9,180 SF |
| Condo Use |
| Medical |
| Price |
| $2,500,000 ($272.33/SF) |
| NOI |
| $173,896 |
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Map
Unit Multiple
| Unit Size | 9,180 SF |
| Condo Use | Medical |
| Price | $2,500,000 ($272.33/SF) |
| NOI | $173,896 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| APN/Parcel ID | 17 Parcels |
| Description | |
| A fully stabilized, single-tenant medical office condo offered on Ormond Beach's busiest commercial corridor.<br> Granada Professional Center presents the opportunity to acquire a portfolio of office condo units within one of Ormond Beach's most established professional<br> 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<br> 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.<br> 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.</li></ul> | |
| Sale Notes | |
| A fully stabilized, single-tenant medical office condo offered on Ormond Beach's busiest commercial corridor.<br> Granada Professional Center presents the opportunity to acquire a portfolio of office condo units within one of Ormond Beach's most established professional<br> 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<br> 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.<br> 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 27,000 SF | Typical Floor Size | 27,000 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Medical | Lot Size | 3.20 AC |
| Building Class | B | Parking Ratio | 5/1,000 SF |
| Floors | 1 | ||
| Zoning | B-9 | ||
| Total Building Size | 27,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 27,000 SF |
| Year Built | 2006 |
| Lot Size | 3.20 AC |
| Parking Ratio | 5/1,000 SF |
| Zoning | B-9 |
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
NNN Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Coastal Pain & Neurology Centers |
-
|
February 2031
|
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
725 W Granada Blvd - Investment Opportunity