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950 1st St S
Winter Haven, FL 33880 Downtown Winter Haven

$6,150,000 USD

Medical For Sale  •  20,327 SF

Property Details

  • Property Type Medical
  • Total Building Size 20,327 SF
  • Lot Size 1.41 AC
  • Building Class B
  • Year Built 1987
  • Cap Rate 7.08 %
  • Tenancy Multiple
  • Zoning C
30 Transit Score
70 Walk Score

Highlights

Long-Term Anchor Commitment: Anchored by Palm Medical Centers (93.28% of GLA) with a lease recently extended through September 2034.
Mission-Critical Medical Hub: Strategically located in a proven healthcare corridor less than 1.5 miles from the 468-bed Winter Haven Hospital.
Strong Regional Credit: Anchor tenant is a leading provider with over 30 locations in Florida and recent expansion into the Texas market.
Stabilized Income & Occupancy: 100% occupied multi-tenant facility with mostly a NNN lease structure.
Inflation Hedge: Features contractual annual rent escalations for the anchor tenant.
Recent $5.8M Appraised Valuation: Offered at an attractive basis relative to recent property valuation metrics.
Cap Rate: 7.08 %

Major Tenants

Tenant SF Occupied Lease End Date
Palm Medical Center 6/18/2034

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
3 min - 1.3 mi
Brian de la Nuez 305-342-1121 Florido Enterprises
Brian de la Nuez 305-342-1121 Florido Enterprises