NNN MOB | 100% Occupied | Hospital Adjacent 500 Health Blvd
8,864 SF 100% Leased Office Building Daytona Beach, FL 32114 £2,516,784 (£283.93/SF) 7.15% Net Initial Yield
INVESTMENT HIGHLIGHTS
- NATIONAL & REGIONAL TENANTS: 100% Occupied by Florida Autism (BlueSprig Pediatrics, Inc.) and Foundation for Sickle Cell Disease
- FAVORABLE LEASE STRUCTURES: Triple Net (NNN) Leases Allow for Expense Reimbursements and Passive Ownership
- SIGNIFICANT RECENT CAPEX : $397,000+ Spent on Exterior and Interior Renovations to Benefit Tenants
- HOSPITAL ADJACENT: Directly Adjacent to Halifax Hospital | Less Than a Mile Away
- PRIME LOCATION: Located in the Main Medical Parkway with Limited Vacancy
- ANNUAL RENTAL INCREASES: 3% Rental Increases for Both Tenants Throughout Term and Option
EXECUTIVE SUMMARY
NNN MOB | 100% Occupied | Hospital Adjacent
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,864 SF
Building Class
B
Year Built/Renovated
2004/2023
Price
£2,516,784
Price Per SF
£283.93
Net Initial Yield
7.15%
NOI
£179,946
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
8,864 SF
Building FAR
0.20
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
OP - Office/Professional
Parking
47 Spaces (5.4 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- NNN
- -
The Florida Autism Center, a division of BlueSprig, provides treatment based on the basic principles of Applied Behavior Analysis and has a specific focus on early intensive behavioral intervention, verbal behavior (language) training, and social skills training. Additionally, the Florida Autism Center can help your child learn to display basic “following directions” skills, self-care, and daily living skills, and can give your child a strong foundation in skills that will be needed as he or she advances academically.
- Florida Sickle Inc
- Health Care and Social Assistance
- 3,206 SF
- -
- NNN
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | - | NNN | - | |
| Florida Sickle Inc | Health Care and Social Assistance | 3,206 SF | - | NNN | - |
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PROPERTY TAXES
| Parcel Number | 5338-0B-00-0210 | Improvements Assessment | £1,079,203 |
| Land Assessment | £250,208 | Total Assessment | £1,329,412 |
