20 Cypress Point Parkway, Unit 1
Palm Coast, FL 32164

Listed at $3,798,000

Details

  • MLS# 1229530
  • Commercial - Business
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 1.310 acres
  • Built in 2004
  • Local Schools

Description

7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center.Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated atover $400/SF.Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership...read more structure with built-in annual rent escalations of 2% across the initial term and renewal options. 7,536 SF medical office leased to Humana Conviva Care CenterFully renovated in 2024 with significant capital improvementsPrime location at I-95 & Palm Coast ParkwayInvestment-grade healthcare tenant serving the 55+ populationNNN lease with 2% annual rent increases

Features

  • $30,424 Taxes
  • Built in 2004
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All Property Features

  • Property Type: Commercial - Business
  • Days on Site: 8
  • Directions: Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway,
  • Lot Description: Other
  • Lot Size: 1.31 Acres
  • Parcel #: 07-11-31-7025-000C0-0130
  • Parking: Other
  • Property Attached Y/N: No
  • Property Sub-Type: Office
  • SQFT Total: 7536
  • Taxes: $30,424
  • Year Built: 2004