725 W Granada BLVD, Ormond Beach, FL 32174
725 W Granada BLVD, Ormond Beach, FL 32174
725 W Granada BLVD, Ormond Beach, FL 32174
725 W Granada BLVD, Ormond Beach, FL 32174
725 W Granada BLVD, Ormond Beach, FL 32174
725 W Granada BLVD, Ormond Beach, FL 32174
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Est.Price: ?

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Est. payment /mo

9,180 SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 9,180 sqft

MLS Listing ID 1225921

Sold Date -

Property Sub-Type Office

Source Daytona Beach Area Association of REALTORS®

Property 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 insurance-accepting 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. Stabilized single-tenant medical office condo 100% leased to long-tenured medical tenant Cap Rate 6.96% Strong visibility on Ormond Beach's prime corridor

Location

State FL

County Volusia

Area 44 - Ormond N Of 40, S Tomoka River, E Of Us1

Direction Located on the north side of Granada Blvd just east of Nova Road.

Region Ormond Beach

City Region Ormond Beach

Exterior

Parking Features Other

View Y/N No

Building

Lot Description Other

Others

Tax ID 424144000020

Financing Conventional

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Listed by Carl Lentz • SVN Alliance Commercial Real Estate Advisors
Bought with Carl Lentz • SVN Alliance Commercial Real Estate Advisors

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The Locals Group

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