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7.5% Cap | 10Yr MOB | 175 Unit Ophthalmology 1400 Main St

4,205 SF Office Building Chipley, FL 32428 £1,163,710 (£277/SF) 7.50% Net Initial Yield

Investment Highlights

  • Passive Income - Secure long-term predictable income with this NN lease. Ideal for out of state investors or those seeking more passive income.
  • Regional PE-backed Operator - EyeSouth Partners is backed by Oplympus Partners which has over $8.5B assets under management.
  • Growing Income - Maintain continued growth of your investment dollars with annual 2% increases, hedging against inflation.
  • Hospital Adjacent - Northest Florida Community Hospital is a 59-bed hospital just 1/4 mile from this property.
  • Largest Ophthalmology Group - EyeSouth Partners has a unique demand being the largest ophthalmology group in the county.
  • Easily Accessible - This site is outparceled to a strip center, seated on the main road connecting downtown Chipley with Hwy 10.

Executive Summary

Broker of Record
Kyle Matthews
License No. CQ1066435(FL)
(866) 889-0550
Matthews Real Estate Investment Services
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,205 SF
Building Class
B
Year Built
2009
Price
£1,163,710
Price Per SF
£277
Net Initial Yield
7.50%
NOI
£87,278
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,205 SF
Building FAR
0.13
Lot Size
0.73 AC
Zoning
Commercial - Professional Medical Bldg

Links

1 of 1

PROPERTY TAXES

Parcel Number 00000000-00-2218-0026 Improvements Assessment £193,571
Land Assessment £58,932 Total Assessment £252,503

PROPERTY TAXES

Parcel Number
00000000-00-2218-0026
Land Assessment
£58,932
Improvements Assessment
£193,571
Total Assessment
£252,503
(470) 242-0547

Contacts

  • Listing ID: 32464372

  • Date on Market: 15/07/2024

  • Last Updated:

  • Address: 1400 Main St, Chipley, FL 32428

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Ryan Burke

(470) 242-0547

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(818) 434-1106

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