Office Medical

Jay Care A Palm Medical Center

Listing Price: $5,356,000

Cap Rate
8.25%
Gross SF
20,327
Rentable SF
20,327
Price/Gross SF
$263.49
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. Tenant reimburses its 93.28 percent of proportionate CAM share. Palm Medical Center has four years remaining in a five-year lease term; and offers three, five-year renewal options with one percent rent and CAM 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

  • Palm Medical Center Has One Percent Rent and CAM Increases Annually
  • Building was Fully Renovated in 2011-2012
  • Before Closing Owner will Reseal/ Restripe Parking Lot
  • Palm Medical Center Operates a Total of 14 Locations in FL
  • 1st Street S Has an Average of 30,000 Vehicles Daily
  • 20,328 SF Medical Office Occupied by Palm Medical Center & Miracle Chiropractic

Exclusively Listed By

Office Medical

Jay Care A Palm Medical Center

Listing Price: $5,356,000

Cap Rate
8.25%
Gross SF
20,327
Rentable SF
20,327
Price/Gross SF
$263.49
Year Built
1987
Lot Size
0.80 acres

Investment Highlights

  • Palm Medical Center Has One Percent Rent and CAM Increases Annually
  • Building was Fully Renovated in 2011-2012
  • Before Closing Owner will Reseal/ Restripe Parking Lot
  • Palm Medical Center Operates a Total of 14 Locations in FL
  • 1st Street S Has an Average of 30,000 Vehicles Daily
  • 20,328 SF Medical Office Occupied by Palm Medical Center & Miracle Chiropractic

Investment Overview

Palm Medical Center occupies over 93 percent of the 20,328 square-foot two-tenant medical office building. Tenant reimburses its 93.28 percent of proportionate CAM share. Palm Medical Center has four years remaining in a five-year lease term; and offers three, five-year renewal options with one percent rent and CAM 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

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