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20 Cypress Point Pky - Conviva | NNN Medical Office Investment 7,536 SF Office/Medical Condo Unit Offered at $5,291,791 CAD in Palm Coast, FL 32164
Investment Highlights
- 7,536 SF medical office leased to Humana Conviva Care Center
- NNN lease with 2% annual rent increases
- Investment-grade healthcare tenant serving the 55+ population
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.79% |
| Sale Type | Investment |
| Cap Rate | 5.79% |
Description
7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF.
Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.
Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.
The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.
LOCATION OVERVIEW
Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.
Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.
Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.
The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.
LOCATION OVERVIEW
Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.
Sale Notes
7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF.
Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.
Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.
The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.
LOCATION OVERVIEW
Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.
Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.
Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.
The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.
LOCATION OVERVIEW
Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 7,536 SF | Office/Medical | $5,291,791 CAD ($702.20 CAD/SF) | $306,389.53 CAD |
Unit 1
| Unit Size |
| 7,536 SF |
| Condo Use |
| Office/Medical |
| Price |
| $5,291,791 CAD ($702.20 CAD/SF) |
| NOI |
| $306,389.53 CAD |
1 of 0
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Unit 1
| Unit Size | 7,536 SF |
| Condo Use | Office/Medical |
| Price | $5,291,791 CAD ($702.20 CAD/SF) |
| NOI | $306,389.53 CAD |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| Description | |
| 7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF.<br> Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.<br> Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.<br> The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.<br> <br> LOCATION OVERVIEW<br> Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.</li></ul> | |
| Sale Notes | |
| 7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF.<br> Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.<br> Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.<br> The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.<br> <br> LOCATION OVERVIEW<br> Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
NNN Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Conviva |
7,536 SF
|
-
|
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20 Cypress Point Pky - Conviva | NNN Medical Office Investment
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