6640 78th Ave N - Medical FOR SALE


Pinellas Park, FL 33781
$6,175,000 USD
925-212-7254
6640 78th Ave N, Pinellas Park, FL for Sale
$6,175,000 USD
Medical - FOR SALE
1/8
null | 6% Cap Rate

6640 78th Ave N
Pinellas Park, FL 33781


HIGHLIGHTS

  • 11.5 Year Single Tenant NNN Lease | Highly Specialized Surgery Center
  • Very Attractive 4% Per Year Rent Escalations
  • Established 20 Yr Operational History at this Facility
  • Ideally Located in Tampa Bay, Florida Area

OVERVIEW

The subject property is leased to West Park Surgery Center, a part of Physician Partners of America (PPOA), under a long-term ~11.5 year NNN lease that minimizes landlord responsibilities. The lease includes very attractive 4% per year rent escalations, tenant responsibility for most major systems, and institutional guarantors, providing a reliable cash flow. New ambulatory surgery centers are increasingly expensive to develop due to specialized construction, mechanical systems, and regulatory requirements. As an AAAHC accredited, fully operational facility, West Park Surgery Center offers an established asset with inherent replacement cost advantages. The subject property is ideally situated in the Tampa Bay, FL area. The building is located in a high-demand suburban healthcare market, which benefits from a dense physician network, strong demographic trends, and growing outpatient procedure volumes. The tenant’s 20+ year operational history at this facility and their newly signed lease extension, make this property ideally suited for 1031 exchange/private investors who are interested in stable and predictable long-term returns.

FOR SALE DETAILS

PRICE

$6,175,000 USD

PRICE/SF

$770 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Park Surgery Center | Highly Specialized

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

PD

APN/PARCEL ID

30-30-16-96680-000-0040

ASK ABOUT THIS PROPERTY

Alex VidalAcuity Private CapitalMore Info
925-212-7254

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Alex VidalAcuity Private CapitalMore Info
925-212-7254

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