AUCTION SALE! Starting November 3 and ending on November 5 of 2025. STARTING BID: $2,500,000! Registration is now open!
Vanwald and Associates presents a rare opportunity to acquire the Port Richey Medical Center, a 100% leased 37,367 rentable square-foot medical office building, featuring an elite tenant roster and exceptional lease fundamentals. This offering consists of the entire building, fully occupied by HIGH-CREDIT MEDICAL AND FINANCIAL TENANTS, including JOHNS HOPKINS, HCA HEALTHCARE, CAPITAL CITY BANK AND MODERN FOOT AND ANKLE.
All leases are structured on a true NNN basis with full operating expense pass-throughs ensuring maximum protection for ownership against rising costs. These are long-term leases with no near-term expirations, offering secure and predictable cash flow from nationally recognized, recession-resistant healthcare operators.
Each suite was custom built to suit tenant specifications during the 2023–2024 full-building renovation, allowing for highly specialized medical buildouts with modern systems, finishes, and infrastructure. This not only enhances tenant retention but also minimizes capital risk for the buyer over the long term.
Strategically located in Pasco County, one of Florida’s fastest-growing counties and part of the broader Tampa Bay Metropolitan Area, the property benefits from strong regional population growth, increasing demand for medical services, and exceptional frontage on the high-traffic Ridge Road corridor.
With a strong, $640,100 NOI and the building’s major exterior, mechanical and structural components, including roof, exterior, parking, and landscaping being new, this asset is ideally suited for hands-off investors or out-of-state buyers seeking stable income with minimal management responsibilities.
This offering is available via ONLINE AUCTION, providing a transparent and competitive bidding environment. REGISTER TO BID AND RESERVE YOUR SPOT!
Please call or email listing broker for auction details and access to full marketing materials!