1630 S Tuttle Ave - Medical FOR SALE


Sarasota, FL 34239- South Sarasota
$3,450,000 USD
941-248-2191
1630 S Tuttle Ave, Sarasota, FL for Sale
$3,450,000 USD
Medical - FOR SALE
1/56
null | 6.81% Cap Rate

1630 S Tuttle Ave
Sarasota, FL 34239
South Sarasota


HIGHLIGHTS

  • Triple Net Medical Sale Lease Back
  • Tenants are Long Standing Sarasota Medical Practices
  • Five year term at market rate
  • 6.81% CAP rate/$234,870 yearly income with increases
  • Great opportunity for 1031 or passive income
  • Near SMH and Downtown Sarasota

OVERVIEW

Nestled in the prime Sarasota area, this impeccably renovated 7,829 SF building presents a turnkey fully leased investment opportunity. Leased by two medical professionals on a five-year triple net lease at market rate with yearly increases. It's a secure and attractive opportunity great for 1031 or passive income, not to be missed.Boasting high-end interior finishes, the property features a versatile layout with 14 fully-equipped exam rooms, an updated X-ray room, seven private staff offices, a spacious gym and PT area, and a gorgeous waiting area with dual reception desks. With hurricane-proof construction for added safety and a 100% occupancy rate, this property offers a strong investment potential in a dynamic market.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

6.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

OPB

APN/PARCEL ID

2035-09-0036

ASK ABOUT THIS PROPERTY

David CarlsonSVN | Commercial PartnersMore Info
941-248-2191

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David CarlsonSVN | Commercial PartnersMore Info
941-248-2191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.