100% Occupied Medical Office | Early Lease Extension
950 1st Street S
Winter Haven, FL 33880
map it$4,600,000
20,327 SF
0.8 acres
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Casey Barker
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3819 (office)
(813) 505-5603 (mobile)
Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Investment Highlights
- 20,327 Square Foot Medical Office Occupied by Palm Medical Center & Miracle Chiropractic
- Palm Medical Center Extended Their Lease Early by Five Years – Demonstrating a Strong Commitment to this Location
- Palm Medical Center Has One Percent Rent Increases Annually
- 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 Florida
- Approximately 100 Linear Feet of 1st Street S Frontage
- 1st Street S Has an Average of 30,000 Vehicles Daily
- Two Minutes to Winter Haven Women’s Hospital
- One Mile South of Winter Haven Hospital
Key Metrics
Cap Rate Current Year:
8.62%
Leveraged Cash-on-Cash Return Current Year:
13.75%
DSCR (Current)
1.92
Price/ SF
$226.30
Listing Agents: