7915 US Hwy 301 N - Medical FOR SALE


Ellenton, FL 34222
$11,006,953 USD
941-374-9657
7915 US Hwy 301 N, Ellenton, FL for Sale
$11,006,953 USD
Medical - FOR SALE
1/3
null | 6% Cap Rate

7915 US Hwy 301 N
Ellenton, FL 34222


OVERVIEW

Beautiful two-story, multi-tenant, net-leased office building located along the high traffic US-301 corridor in the rapidlygrowing “North River” (Ellenton-Parrish-Palmetto) submarket. This area of northern Manatee County has experienced an explosion in residential development in recent years, with thousands of new homes constructed and a notable shortage of available office space to meet the demand. The current owner acquired the property in 2018 when several units were still vacant and in shell condition, while the building’s largest tenant, Eye Associates, has been in the building since it was constructed in 2006. Since the acquisition, all of the remaining spaces have been fully built out and leased. The building now generates strong net income, with all but one of the tenants being medical or medical-related. A beautiful building, with a strong tenant mix in an excellent indemand area.

FOR SALE DETAILS

PRICE

$11,006,953 USD

PRICE/SF

$374 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MaxHealth Ellenton

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PDO

APN/PARCEL ID

8263-0005-9

ASK ABOUT THIS PROPERTY

Tony Veldkamp, CCIMSVN | Commercial Advisory GroupMore Info
941-374-9657

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

Tony Veldkamp, CCIMSVN | Commercial Advisory GroupMore Info
941-374-9657

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