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$ 772,000
Est. payment | /mo
2,692 SqFt
$ 772,000
Est. payment | /mo
2,692 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,692 sqft
Price per Sqft $286
MLS Listing ID 1225930
Property Sub-Type Office
Source Daytona Beach Area Association of REALTORS®
Property 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, cash-flowing assets in a high-demand Florida market. Fully leased office condo portfolio
Healthcare-focused income stream
Cap Rate 7%
Strong visibility on Ormond Beach's prime 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, cash-flowing assets in a high-demand Florida market. Fully leased office condo portfolio
Healthcare-focused income stream
Cap Rate 7%
Strong visibility on Ormond Beach's prime corridor
Location
State FL
County Volusia
Direction Located on the north side of Granada Blvd just east of Nova Road.
Exterior
Parking Features Other
Building
Lot Description Other
Others
Senior Community No
Tax ID x
Listed by SVN Alliance Commercial Real Estate Advisors
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William Dailey