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Office Medical

100% Occupied Medical Office | Early Lease Extension

950 1st Street S, Winter Haven, FL 33881

Listing Price: $4,600,000

Cap Rate
8.62%
Gross SF
20,327
Rentable SF
20,327
Price/Gross SF
$226.30
Year Built
1987
Lot Size
0.80 acres

Investment Overview

Palm Medical Center occupies over 93 percent of the 20,328 square-foot two-tenant medical office building. Palm Medical Center has recently extended their lease and has six years remaining with three, five-year renewal options with one percent rent increases annually.

Palm Medical Center provides superior medical care for the whole family.

It is located across from Staples, Pier 1, Lowes Home Improvement, Subway, GNC, Crispers. Near Macys and Belk department stores.

Investment Highlights

  • 20,328 SF Medical Office Occupied by Palm Medical Center & Miracle Chiropractic
  • Palm Medical Recently Extended Their Lease by Five Years | One Percent Rent Increases
  • Building was Fully Renovated in 2011-2012
  • Owner Resealed and Restriped Entire Parking Lot in February 2020
  • Palm Medical Center Operates a Total of 14 Locations in FL
  • 1st Street S Has an Average of 30,000 Vehicles Daily

Exclusively Listed By

Financing By

Office Medical

100% Occupied Medical Office | Early Lease Extension

Listing Price: $4,600,000

Cap Rate
8.62%
Gross SF
20,327
Rentable SF
20,327
Price/Gross SF
$226.30
Year Built
1987
Lot Size
0.80 acres

Investment Highlights

  • 20,328 SF Medical Office Occupied by Palm Medical Center & Miracle Chiropractic
  • Palm Medical Recently Extended Their Lease by Five Years | One Percent Rent Increases
  • Building was Fully Renovated in 2011-2012
  • Owner Resealed and Restriped Entire Parking Lot in February 2020
  • Palm Medical Center Operates a Total of 14 Locations in FL
  • 1st Street S Has an Average of 30,000 Vehicles Daily

Investment Overview

Palm Medical Center occupies over 93 percent of the 20,328 square-foot two-tenant medical office building. Palm Medical Center has recently extended their lease and has six years remaining with three, five-year renewal options with one percent rent increases annually.

Palm Medical Center provides superior medical care for the whole family.

It is located across from Staples, Pier 1, Lowes Home Improvement, Subway, GNC, Crispers. Near Macys and Belk department stores.

Exclusively Listed By

Financing By

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