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725 W Granada Blvd - Granada Professional Center 9,180 SF Medical Condo Unit Offered at $3,395,000 CAD in Ormond Beach, FL 32174
Investment Highlights
- Stabilized single-tenant medical office condo
- Strong visibility on Ormond Beach’s prime corridor
- 100% leased to long-tenured medical tenant
1 Unit Available
Unit Multiple
| Unit Size | 9,180 SF | Sale Type | Investment |
| Price | $3,395,000 CAD | Cap Rate | 6.96% |
| Price Per SF | $369.83 CAD | NOI | $236,150.77 CAD |
| Condo Use | Medical | APN/Parcel ID | 17 Parcels |
| Unit Size | 9,180 SF |
| Price | $3,395,000 CAD |
| Price Per SF | $369.83 CAD |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| NOI | $236,150.77 CAD |
| APN/Parcel ID | 17 Parcels |
Description
A fully stabilized, single-tenant medical office condo offered on Ormond Beach's
busiest commercial corridor.
Granada Professional Center presents the opportunity to acquire a portfolio of
office condo units within one of Ormond Beach's most established professional
complexes, 100% occupied by a single, long-tenured medical tenant. Offered at
$2,500,000, with a 6.96% cap rate on current weighted average NOI of $173,896
over recently signed 5-year lease from Coastal Pain & Neurology Centers, a
multi-physician specialty practice that has operated continuously at this location
since 2000.
The 9,180 square foot unit is built out for full medical use, featuring high ceilings,
storm-rated doors and windows, and ample on-site parking, with prominent
monument signage along W. Granada Boulevard (State Road 40) - carrying over
33,500 vehicles per day. With a 25-year tenured anchor, a broad insuranceaccepting
patient base, and the low-maintenance ownership structure of an
office condo, this offering is well-suited for a private investor or 1031 exchange
buyer seeking dependable, healthcare-driven income in a high-demand Florida
market.
Sale Notes
A fully stabilized, single-tenant medical office condo offered on Ormond Beach's
busiest commercial corridor.
Granada Professional Center presents the opportunity to acquire a portfolio of
office condo units within one of Ormond Beach's most established professional
complexes, 100% occupied by a single, long-tenured medical tenant. Offered at
$2,500,000, with a 6.96% cap rate on current weighted average NOI of $173,896
over recently signed 5-year lease from Coastal Pain & Neurology Centers, a
multi-physician specialty practice that has operated continuously at this location
since 2000.
The 9,180 square foot unit is built out for full medical use, featuring high ceilings,
storm-rated doors and windows, and ample on-site parking, with prominent
monument signage along W. Granada Boulevard (State Road 40) - carrying over
33,500 vehicles per day. With a 25-year tenured anchor, a broad insuranceaccepting
patient base, and the low-maintenance ownership structure of an
office condo, this offering is well-suited for a private investor or 1031 exchange
buyer seeking dependable, healthcare-driven income in a high-demand Florida
market.
Property Facts
| Total Building Size | 27,000 SF | Typical Floor Size | 27,000 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Medical | Lot Size | 3.20 AC |
| Building Class | B | Parking Ratio | 5/1,000 SF |
| Floors | 1 | ||
| Zoning | B-9 | ||
| Total Building Size | 27,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 27,000 SF |
| Year Built | 2006 |
| Lot Size | 3.20 AC |
| Parking Ratio | 5/1,000 SF |
| Zoning | B-9 |
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
NNN Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Coastal Pain & Neurology Centers |
-
|
February 2031
|
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725 W Granada Blvd - Granada Professional Center
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