20 Cypress Point Parkway Unit 1, Palm Coast, FL 32164
- $3,798,000
- List Price
- $3,798,000
- MLS#
- 1229530
- Property Type
- Office
- Lot Size
- 57,063
- Region
- 60 - Palm Coast
- County
- Flagler
- Acres
- 1.31
- Year Built
- 2004
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
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Additional Information
- Lot Size
- 57,063
- Year Built
- 2004
- Unit
- 1
Listing courtesy of SVN Alliance Commercial Real Estate Advisors.
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2026 Daytona Beach Area Association of REALTORS®
Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.