• Broker Scott Gould 4075573824
  • Broker Spencer Koch 4075573848

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

View Photo

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

ATTACHMENTS

500 Health Blvd, Daytona Beach, FL 32114 Offering Memorandum

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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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 -

PROPERTY TAXES

Parcel Number 5338-0B-00-0210 Improvements Assessment £1,081,161
Land Assessment £250,662 Total Assessment £1,331,823

Map of 500 Health Blvd Daytona Beach, FL 32114

ADDITIONAL PHOTOS

View Photo db 3
View Photo db 5
View Photo db 4
View Photo db 2

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.