Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity.
| Website: | https://www.nestseekers.com/5499210 |
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| Address: | LAKEWOOD RANCH, FL 34202 |
| Ownership: | Fee Simple |
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| Type: | Unknown |
| Lot Size: | 0.2 Acres |
Financials
Price:$6,975,000
Annual Taxes:$23,562
Description
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity.
The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6.5% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure.
The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy.
The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services.
Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of SVN COMMERCIAL ADVISORY GROUP | |