Renovated Medical Office
New
For Sale
$3,798,000
20 Cypress Point Parkway Suite 1 Palm, Palm Coast, FL 32164
Healthcare facility renovated in 2024 with upgraded building systems and a structured NNN lease.
Property Size7,536 SF
Price / SF$503.98
Days on Market2
Property Features for 20 Cypress Point Parkway Suite 1 Palm
General Information
Standard status
Active
Size
7,536 SF
Class
A
Property subtype
Single Tenant Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Building Details
Building Size
7,536 SF
Year Built
2004
Year Renovated
2024
Tenancy
Single
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 295-5723
Listed By:
John Trost · License ##BK-0160420
(386) 295-5723
Source:
Thebrokerlist
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 3:28AM
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
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, updated plumbing and electrical systems, replacement HVAC equipment, and a new sprinkler system. The property is leased to Humana’s Conviva Care Center, which serves primarily patients aged 55 and older.
The lease is structured on an NNN basis and includes 2% annual rent escalations during the initial term, along with renewal options. Third-party management is in place. The property is identified at 20 Cypress Point Parkway, Suite 1, Palm Coast, Florida 32164, providing a dedicated healthcare-use asset with recently upgraded core systems and an established occupant.
The lease is structured on an NNN basis and includes 2% annual rent escalations during the initial term, along with renewal options. Third-party management is in place. The property is identified at 20 Cypress Point Parkway, Suite 1, Palm Coast, Florida 32164, providing a dedicated healthcare-use asset with recently upgraded core systems and an established occupant.
Key Highlights
- 7,536‑square‑foot medical office property
- Complete renovation completed in 2024
- Leased to Humana’s Conviva Care Center
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Under-served
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare facility renovated in 2024 with upgraded building systems and a structured NNN lease.
Where is this medical office space located?
The property is located at 20 Cypress Point Parkway Suite 1 Palm 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‑square‑foot medical office property; Complete renovation completed in 2024; Leased to Humana’s Conviva Care Center
