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Westside Medical Pavilion - Florida 2 Office Properties Offered at $8,000,000 in Daytona Beach, FL
Investment Highlights
- GSA long term lease just renewed
- Onsite Federal Police Security provided with no cost to ownership
- HVAC units and roofs replaced
Executive Summary
Two medical buildings for sale located in high growth, central Florida along I-4 corridor. A total of three buildings comprise is portfolio producing approx $750,000 per year NOI. Long term lease in place for two buildings (Bldg #1 - Private Medical Practice and treatment, Bldg #2 a GSA (Federally guaranteed lease) VA clinic who recently renewed for 12 and 10 years respectively. There is a third building, used for storage, which could be updated and leased.
Property Facts
| Price | $8,000,000 | Status | Active |
| Price / SF | $310.04 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 9.27% | Total Building Size | 25,803 SF |
| Sale Type | Investment | Total Land Area | 8.14 AC |
| Price | $8,000,000 |
| Price / SF | $310.04 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 9.27% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 25,803 SF |
| Total Land Area | 8.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1821 Business Park Blvd, Daytona Beach, FL 32114 | Office | 13,000 SF | 1984 | - |
| 1823 Business Park Blvd, Daytona Beach, FL 32114 | Office | 12,803 SF | 1985 | - |
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Westside Medical Pavilion - Florida