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$ 3,798,000
Est. payment /mo
Active
20 Cypress Point Pkwy #1 Palm Coast, FL 32164
7,536 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 7,536 sqft
Price per Sqft $503
MLS Listing ID 1229530
Year Built 2004
Annual Tax Amount $30,424
Lot Size 1.310 Acres
Lot Dimensions 1.31
Property Sub-Type Office
Source Daytona Beach Area Association of REALTORS®
Property 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 at
over $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 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 Center
Fully renovated in 2024 with significant capital improvements
Prime location at I-95 & Palm Coast Parkway
Investment-grade healthcare tenant serving the 55+ population
NNN lease with 2% annual rent increases
Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at
over $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 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 Center
Fully renovated in 2024 with significant capital improvements
Prime location at I-95 & Palm Coast Parkway
Investment-grade healthcare tenant serving the 55+ population
NNN lease with 2% annual rent increases
Location
State FL
County Flagler
Direction Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway,
Exterior
Parking Features Other
Building
Lot Description Other
Others
Senior Community No
Tax ID 07-11-31-7025-000C0-0130
Listed by SVN Alliance Commercial Real Estate Advisors
Nearby Locations
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