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1st Floor - Unit 1
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Medical Office
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7,536 SF
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$3,798,000 USD
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Unit Size: 7,536 SF
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Condo Use: Medical Office
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Price: $3,798,000 USD
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Sale Type: Investment
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Price/SF: $503.98 USD
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.
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.
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John Trost
SVN | Alliance Commercial Real Estate Advisors
