2 Tenant Medical Office Investment

550 Hwy 85, Niceville, FL 32578

  • For Sale $2,280,000
  • Property Type Office - Medical Office
  • Property Size 9,158 SF
  • Units 2
  • Lot Size 0.98 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1994
  • Date Updated Apr 9, 2024
Property is located on HWY 85 North at the intersection of HWY 85 and Twin Cities Blvd at the entrance to Twin Cities Hospital, the primary health care facility for the Niceville community. Niceville is located within Okaloosa County which has traditionally been one of the best performing counties in the state.Stirling Properties proudly presents 550 Hwy 85, a prestigious medical office investment spanning nearly 10,000 square feet in Niceville, FL. This opportunity offers investors the assurance of two exceptionally strong and well-established tenants, HCA Florida Twin Cities Hospital and Dermatology Solutions Group LLC (DSG). HCA recently renewed their lease with a fresh, new seven year term and DSG has a target occupancy date of June 1, 2024. The property itself is strategically situated at the gateway of HCA Florida Hospital and surrounded by numerous medical practices. This location is a true medical hotbed and an easy choice for medical tenants. Notably, the Niceville market faces a scarcity of quality medical space. With no new supply on the horizon, rental rates are poised to continue their upward trajectory.Beck Partners is pleased to present 550 Twin Cities Blvd. This Class A, Medical/Office building is located at the entrance of the Twin Cities Hospital, the primary health care facility for the Niceville community. Twin Cities is an established and professionally managed Medical/Office development with a long history of strong occupancy. The available space consists of 2,626 SF at $18/SF, NNN, with CAM charges of $5.64/SF. There are 3 exam rooms, 3 offices, an X-ray room and reception/waiting area. The site allows for abundant parking, good signage opportunities and is in an ideal location for any medical or office user.

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Attachments

Highlights

  • Two Tenant Medical Investment
  • Niceville, Florida
  • Strong Credit Tenant Mix
  • 100% Leased
  • 7.5% CAP
  • $171K - NOI

Contacts

broker

Kylle Shoemaker

Stirling Properties

(760) 505-2798

Location

Getting Around

  • Walk Score ®

    13/100 Car-Dependent
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Niceville, FL
  • Neighborhood Niceville
  • Zip Code 32578
  • Market Pensacola

Points of Interest

  • Murphy USA

    2.21 miles

  • Texaco

    2.44 miles

  • Tom Thumb

    2.57 miles

  • CEFCO Convenience Store

    3.09 miles

  • Express

    5.36 miles

  • Kangaroo Express

    5.74 miles

  • Exxon

    5.93 miles

  • Tom Thumb

    9.29 miles

  • circle k

    9.74 miles

  • Sunoco

    9.84 miles

  • Taxi Queue

    4.28 miles

  • Cellphone Lot

    4.33 miles

  • Timber Lake Trailhead

    6.95 miles

  • Timber lake Trailhead

    7.54 miles

  • TownePlace Suites Niceville Eglin AFB Area

    0.70 miles

  • Quality Inn

    0.72 miles

  • Comfort Suites

    0.73 miles

  • Holiday Inn Express

    0.92 miles

  • Hampton Inn Niceville-Eglin AFB

    3.84 miles

  • Tru

    3.89 miles

  • Regency Inn

    5.87 miles

  • Fairfield Inn & Suites Fort Walton Beach-Eglin AFB

    7.83 miles

  • TownePlace Suites Fort Walton Beach-Eglin AFB

    8.82 miles

  • Emerald Grande

    9.68 miles

  • Taco Bell

    0.75 miles

  • Ruby Tuesday

    0.92 miles

  • Dairy Queen

    0.95 miles

  • Waffle House

    0.97 miles

  • Taco Town

    1.25 miles

  • Bosner's German Imbiss & Deli

    1.49 miles

  • The Wharf 850

    1.58 miles

  • Subway

    1.60 miles

  • Wendy's

    1.72 miles

  • Jim 'N Nick's Bar-B-Q

    1.78 miles

  • Edge Elementary School

    0.45 miles

  • Edge School

    0.46 miles

  • Northwest Florida State College

    1.10 miles

  • C W Ruckel Middle School

    1.33 miles

  • Niceville High School

    1.40 miles

  • Okaloosa STEMM Academy

    1.60 miles

  • James E. Plew Elementary School

    2.29 miles

  • Plew Elementary School

    2.34 miles

  • Addie R Lewis Junior High School

    2.83 miles

  • Addie R Lewis K-8 School

    2.90 miles

Frequently Asked Questions

What is the lease rate for 2 Tenant Medical Office Investment?

Rental asking rate at 2 Tenant Medical Office Investment is $1,140,000.00/YR.

What is the total square footage of 2 Tenant Medical Office Investment?

2 Tenant Medical Office Investment totals 9,158 square feet.

When was this property built?

2 Tenant Medical Office Investment was built in 1994.

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Contact Listing Broker

broker

Kylle Shoemaker

Stirling Properties

(760) 505-2798