2020 Flamingo Dr - Medical FOR SALE


Bartow, FL 33830
$1,850,000 USD
704-930-8179
2020 Flamingo Dr, Bartow, FL for Sale
$1,850,000 USD
Medical - FOR SALE
1/19
null | 6.25% Cap Rate

2020 Flamingo Dr
Bartow, FL 33830


HIGHLIGHTS

  • New Roof to be installed at Occupancy
  • Other Possible uses include Charter School, Daycare, Legal or Insurance Offices
  • Single Tenant or Two Tenant Layout proposed - See Matterport Layout
  • Class " A " 2nd Generation Medical Building with extensive medical related renovations
  • 9 Exam Rooms with sinks | 5 Private Offices | Blood Laboratories | 2 Nurse Stations | Large Waiting Area
  • Break Rooms | Large Training Room | 4 Restrooms | 2 Storage Rooms.

OVERVIEW

A stable, long-term investment opportunity: This medical office building, leased to a national corporate tenant under a new 7-year NNN lease, is located on a 0.95-acre lot near Bartow Regional Medical Center and Watson Clinic. The property features a strong initial NOI with rent escalations and renewal options, and recent capital improvements (approx. $300k in tenant improvements) including a new roof, HVAC systems, fire suppression system, and alarm system.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bartow Medical Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

Commercial

APN/PARCEL ID

25-30-04-364500-008090

ASK ABOUT THIS PROPERTY

Sid BhattSaunders Real EstateMore Info
704-930-8179

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Sid BhattSaunders Real EstateMore Info
704-930-8179

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