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: 5/28/2024

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

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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

Contact

Photograph of Listing Agent

Kylle Shoemaker

Stirling Pensacola Gulf Coast CMLS Member
Photograph of Listing Agent

Stacy Taylor, CCIM

Stirling Pensacola Gulf Coast CMLS Member
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