NNN Medical Office Building

  SOLD February 2023 for $2,000,000

1671 N. Clyde Morris Boulevard, Daytona Beach, Florida 32117


Documents
Building Size6,714 Square Feet
ZoningPD-G
Year Built2006
Cap Rate6%

Single Tenant NNN Investment Property in desirable Lakeside Professional Center (Daytona Beach MSA).

  • 6,714 SF freestanding medical office building comprised of four office condos located in the Lakeside Professional Center Condo Association.
  • Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations.
  • New 5 year NNN lease with renewals will be signed at closing.
  • 6.0% cap rate year one with 3% annual increases.
  • Functional medical floor plan; 8 exam rooms, 6 offices, 3 procedure rooms, 2 labs, 5 restrooms, conference room, nurse's area, waiting room, breakroom, etc.
  • Tenant has been operating out of this location since 2006.
  • Recently painted exterior.
  • An attractive addition to your real estate portfolio!

LOCATION OVERVIEW

  • Located in Lakeside Professional Center adjacent to Twin Lakes Medical Center and just 0.25 miles north of LPGA Blvd, 1.4 miles to Interstate 95, 1.8 miles to Latitude Margaritaville, and 2 miles to AdventHealth Daytona Beach.
  • Incredible residential growth nearby including Latitude Margaritaville and 2,500+ new apartments.

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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