Renovated NNN Medical
New
For Sale
Contact for pricing
20 Cypress Point Parkway Suite 1, Palm Coast, FL 32164
Healthcare space with a renewed building systems package and NNN lease structure supporting annual rent escalations.
Property Size7,536 SF
Price / SF$503.98
Days on Market7
Property Features for 20 Cypress Point Parkway Suite 1
General Information
Standard status
Active
Size
7,536 SF
Class
A
Property subtype
Office
Zoning
COM-2
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$219,900
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Office Units
1
Building Details
Year Built
2004
Year Renovated
2024
Tenancy
Single
Owner Occupied
No
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
(386) 301-4581
Listed By:
John Trost, CCIM · License #FL BK-0160420
Source:
Crexi
Added: Aug 11
Changed: Aug 15
Last Checked: Aug 15 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Investment Insights
Based on property information with market context.
This 7,536-square-foot medical office property was built in 2004 and received a complete renovation in 2024. Improvements included a new metal roof along with updated plumbing, electrical, HVAC, and sprinkler systems. The space is occupied by Humana’s Conviva Care Center and is subject to a NNN lease with 2% annual rent escalations during the initial term and renewal options.
The property is located at 20 Cypress Point Parkway, Suite 1, in Palm Coast, Florida, near I-95 and Palm Coast Parkway. COM-2 zoning supports its commercial office classification. Third-party professional management is in place for the leased medical office asset.
The property is located at 20 Cypress Point Parkway, Suite 1, in Palm Coast, Florida, near I-95 and Palm Coast Parkway. COM-2 zoning supports its commercial office classification. Third-party professional management is in place for the leased medical office asset.
Key Highlights
- 7,536 SF medical office property in Palm Coast
- Complete renovation completed in 2024
- New metal roof, plumbing, electrical, HVAC, and sprinkler systems
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare space with a renewed building systems package and NNN lease structure supporting annual rent escalations.
Where is this medical office space located?
The property is located at 20 Cypress Point Parkway Suite 1 Palm Coast, FL.
What is the asking price?
The asking price for this property is $3,798,000.
What are key features of this property?
This property features: 7,536 SF medical office property in Palm Coast; Complete renovation completed in 2024; New metal roof, plumbing, electrical, HVAC, and sprinkler systems
