Neighborhood: Fla Dev Co Sub, 33844 - Haines City/grenelefe
Property Taxes: $21,837
Close to AdventHealth Hospital/ formerly Heart of Florida Regional Medical Center, this Prime Medical office investment/ owner-occupied opportunity in Haines City/ Davenport area presents upgrades galore (including NEW ROOF, new parquet flooring, new paint, curb appeal). Of a total 10,005 sft space located at 280 Patterson, this building sits in one of the most desirable locations along Highway-27's medical corridor. Modified Gross Leases including AdventHealth and most medical practitioners (all 6 units fully leased/tenants pay prop tax) with stop loss on operating expenses; cap rate of 6/7% with NOI of approx $150k /year. Low expenses/month (Per attached). Environmental assessments were completed and passed. Easy access from major highway-27 and I-4 junction. Ample parking and handicap accessible ramps and amenities. Current leases in place terminate in 2023 available for extension too. Very good visibility as traffic count 54,000 cars/ day on I-27. Annual population growth rate of 8% in the area with ave. income $72000/yr. Dominant tapestry is Southern Satellites.
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