About 20 Cypress Point Parkway
7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF. Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway. Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand. The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options. 7,536 SF medical office leased to Humana Conviva Care Center Fully renovated in 2024 with significant capital improvements Prime location at I-95 & Palm Coast Parkway Investment-grade healthcare tenant serving the 55+ population NNN lease with 2% annual rent increases
Features of 20 Cypress Point Parkway
| MLS® # | 1229530 |
|---|---|
| Price | $3,798,000 |
| Acres | 1.31 |
| Year Built | 2004 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 20 Cypress Point Parkway |
|---|---|
| Area | 60 - Palm Coast |
| City | Palm Coast |
| County | Flagler |
| State | FL |
| Zip Code | 32164 |
Amenities
| Parking | Other |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Other |
|---|
Additional Information
| Zoning | Commercial |
|---|
Listing Details
| Office | SVN Alliance Commercial Real Estate Advisors |
|---|