SRS Real Estate Partners Facilitates $4.8 Million Medical Office Property Sale in Daytona Beach

SRS Real Estate Partners has announced the completion of a $4.8 million ground lease sale for a single-tenant medical office property located at 2655 LGPA Boulevard in Daytona Beach, Florida. The property, occupied by Florida Health Care Plan, Inc., is secured by a brand-new 20-year absolute triple-net lease, ensuring long-term stability and eliminating landlord responsibilities. This transaction underscores the robust demand for healthcare-related real estate assets, particularly those with strong credit tenants and favorable lease terms.

The sale was facilitated by SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wambler, who represented both the seller, a Florida-based developer, and the buyer, a private investor utilizing a 1031 exchange. The property attracted multiple full-price offers, a testament to its appeal among investors seeking stable, creditworthy medical tenant assets. Nutt highlighted the property's strategic location off I-95, proximity to Daytona International Speedway and Daytona International Airport, and its position across from a Publix-anchored center as key factors in its desirability.

This transaction is part of SRS Capital Markets' impressive track record, having completed over $1.2 billion in deal volume this year through more than 350 transactions nationwide. With over 845 properties currently on the market valued at more than $3.7 billion, SRS continues to solidify its position as a leader in the commercial real estate sector. The successful sale of the Daytona Beach medical office property further demonstrates the resilience and attractiveness of the healthcare real estate market to investors.

For more information on SRS Real Estate Partners and their services, visit https://srsre.com.