2 Tenant Medical Office Investment
Office
for Sale
Sale Pending
| Catylist Listing ID: |
30868716 |
| Property Subtypes: |
Medical
|
| Status: |
Pending |
| Building Size (RSF): |
9,158 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,280,000 |
| Unit Price: |
$248.96 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Twin Cities Medical |
| Class of Space: |
Class B |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
7.53% |
| Last Updated: |
5/16/2024 |
Overview / Comments
Stirling Properties proudly presents 550 Hwy 85, a prestigious medical office investment spanning nearly 10,000 square feet in Niceville, FL. This opportunity offers investors the assurance of two exceptionally strong and well-established tenants, HCA Florida Twin Cities Hospital and Dermatology Solutions Group LLC (DSG). HCA recently renewed their lease with a fresh, new seven year term and DSG has a target occupancy date of June 1, 2024.
The property itself is strategically situated at the gateway of HCA Florida Hospital and surrounded by numerous medical practices. This location is a true medical hotbed and an easy choice for medical tenants. Notably, the Niceville market faces a scarcity of quality medical space. With no new supply on the horizon, rental rates are poised to continue their upward trajectory.
|
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Tax ID/APN: |
06-1S-22-0000-0022-0030 |
| Zoning: |
COMMERCIAL |
| Property Visibility: |
Excellent |
| Number of Stories: |
1 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,030 |
19,199 |
36,133 |
| Median Age: |
35.96 |
42.2 |
41.62 |
| Households: |
1,797 |
8,023 |
14,236 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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