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 $38,918.45, 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 7.25% cap rate, generating $467,021.45 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.
| MLS # | A4688412 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | For-sale |
| Status | Active |
| Year | 2009 |
| Days On Site | 194 |
| Listing Provided By | SVN COMMERCIAL ADVISORY GROUP | Tony Veldkamp, CCIM |
| SQ Feet | 8,046 |
|---|---|
| Zoning | PD-MU |
| Acreage | 0.18 |
| Property | 23562 |
|---|
| State | FL |
|---|---|
| County | Manatee |
| City | LAKEWOOD RANCH |
| Zip Code | 34202 |
| Area | 34202 Bradenton | Lakewood Ranch | Lakewood Rch |
| Community Name | PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10 |
| Listing VS Median (in PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10) | |
Price: $6,440,000 low | high Med: $0 On site: 194 low | high Med: | |
| State | FL |
|---|---|
| County | Manatee |
| City | LAKEWOOD RANCH |
| Zip Code | 34202 |
| Area | 34202 Bradenton | Lakewood Ranch | Lakewood Rch |
| Community Name | PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10 |
| Listing VS Median (in PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10) | |
Price: $6,440,000 low | high Med: $0 On site: 194 low | high Med: | |