Fully Leased Office Condo Portfolio
Fully Leased Office Condo Portfolio
Marketing description
Three fully leased office condo units offered as a portfolio on Ormond
Beach's busiest commercial corridor.
Granada Professional Center offers three office condo units built in 2006,
featuring high ceilings, storm-rated doors and windows, ample on-site
parking, and prominent multi-tenant monument signage along W.
Granada Boulevard (State Road 40), which carries over 33,500 vehicles
per day.
The units are 100% occupied by Hopkins Hearing Institute, Seahaven
Chiropractic, and The Vanity Room Salon, delivering a diversified,
healthcare-focused income stream supported by a surrounding trade area
with an average age of 51.1 and household incomes approaching $84,300
within three miles.
Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69,
this is a rare, fully stabilized investment opportunity well suited for a
private investor or 1031 exchange buyer seeking low management, cashflowing assets in a high-demand Florida market.
Investment highlights
Fully leased office condo portfolio
Healthcare-focused income stream
Cap Rate 7%
Strong visibility on Ormond Beach's prime corridor
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