151 NW 11th St
Homestead, FL 33030
Tower Medical Plaza · Office Property For Sale · 27,760 SF

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 151 NW 11th Street, Units E102 & W103, a 5,762-square-foot institutional-quality medical office condominium investment located in Homestead, Florida, within the Miami Metropolitan Statistical Area. The offering consists of two medical office condominium units that are 100% leased under a long-term absolute net lease to Conviva Senior Primary Care, a wholly owned subsidiary of Humana Inc. (NYSE: HUM). Offered at $2,964,800, the property generates $200,124 in first-year net operating income, representing a 6.75% capitalization rate, while providing investors with passive ownership backed by one of the nation's largest healthcare organizations. Conviva Senior Primary Care is a leading provider of value-based primary healthcare services focused exclusively on Medicare beneficiaries. As a wholly owned subsidiary of Humana Inc., one of the nation's largest publicly traded health insurance and healthcare companies, Conviva benefits from significant financial strength, operational scale, and a long-term commitment to expanding outpatient healthcare services. The property is leased through May 31, 2035, providing approximately 8.8 years of remaining lease term, with 2.5% annual contractual rent escalations throughout the remaining term. The absolute net lease structure further enhances the investment by delivering stable, predictable cash flow with virtually no landlord responsibilities. Strategically located in the heart of Homestead, the property benefits from its position within one of South Florida's fastest-growing healthcare markets. The asset offers excellent accessibility via Florida's Turnpike, U.S. Route 1, and the Homestead Extension of Florida's Turnpike, while serving the rapidly expanding communities of southern MiamiDade County. The surrounding area is anchored by Baptist Health Homestead Hospital, numerous outpatient medical providers, and a growing network of healthcare facilities that continue to support increasing demand for primary and specialty medical services. Located within the dynamic Miami Metropolitan Statistical Area, the property benefits from sustained population growth, strong demographic trends, and increasing demand for outpatient healthcare driven by South Florida's expanding senior population. Combined with institutional-quality tenancy, long-term contractual income, annual rental growth, and passive absolute net lease ownership, 151 NW 11th Street represents an exceptional opportunity to acquire essential healthcare real estate backed by a nationally recognized healthcare platform in one of Florida's most attractive investment markets.