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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.

Property Details of 280 Patterson Road

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Listed by Hazel Heyer of KELLER WILLIAMS LEGACY REALTY

Haines City, FL Demographics

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Based on information submitted to MFRMLS as of June 19, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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