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Mission Pet Health 750 S Nova Rd 3,438 SF Office Building Ormond Beach, FL 32174 $1,748,571 ($508.60/SF) 7% Cap Rate
Investment Highlights
- Full Service Veterinary Hospital: This facility provides a comprehensive range of services
- Scheduled Rental Increases: The lease features 2% annual rental increases, providing a future owner with a boost in cash flow
- Mission Pet Health Corporate Guaranty: The lease features a corporate guaranty from Mission Pet Health
- Stable Long-Term Investment | Option to Extend: There are just under 9 years remaining on the lease, with one (1), five (5) year option to extend
- High Traffic Location | Direct Frontage: Strategically located directly off S Nova Rd, the ±3,400 SF practice offers exceptional visibility
- Extensively Renovated in 2023: In 2023, the property underwent over $500,000 in capital improvements, addressing both cosmetic and functional elements
Executive Summary
Broker of Record
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,438 SF
Building Class
B
Year Built/Renovated
1974/2023
Price
$1,748,571
Price Per SF
$508.60
Cap Rate
7%
NOI
$122,400
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,438 SF
Building FAR
0.11
Lot Size
0.71 AC
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4242-03-04-0210 | Improvements Assessment | $414,561 |
| Land Assessment | $131,670 | Total Assessment | $546,231 |
Property Taxes
Parcel Number
4242-03-04-0210
Land Assessment
$131,670
Improvements Assessment
$414,561
Total Assessment
$546,231
Contacts
-
Kylie Mariucci -
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Mission Pet Health | 750 S Nova Rd
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