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RS Real Estate Partners has announced the $4.8 million sale of a newly constructed medical office property in Daytona Beach, Florida. The asset is occupied by Florida Health Care Plan, Inc. and features a 20-year absolute triple-net lease with zero landlord responsibilities.

    The property, located at 2655 LGPA Boulevard, was sold to a private investor through SRS Capital Markets' Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble. The transaction closed at the full asking price.

    Nutt noted that the investment was highly sought after due to its unique blend of credit, term, and purchase price, which is below the replacement cost of the improvements constructed by the tenant. He added that investors are looking for well-priced medical tenant assets with strong credit, and the healthcare real estate sector remains resilient.

    The property benefits from a prime location directly off I-95 and near major attractions such as the Daytona International Speedway and airport. SRS Capital Markets has completed over $1.2 billion in deal volume this year, comprised of more than 350 transactions across the nation.

    SRS Real Estate Partners is a leading commercial real estate firm with 29 offices in the U.S., providing extensive solutions to tenants, owners, and investors. The company's commitment to excellence is strengthened by its Guarantee of Value and success measured by client satisfaction and trust.