8614 State Road 70 E - Medical FOR SALE


Bradenton, FL 34202- Lakewood Ranch
$4,475,000 USD
941-374-9657
8614 State Road 70 E, Bradenton, FL for Sale
$4,475,000 USD
Medical - FOR SALE
1/14
null | 5.6% Cap Rate

8614 State Road 70 E
Bradenton, FL 34202
Lakewood Ranch


HIGHLIGHTS

  • Incredible location at SR 70 & I-75 at the entrance to Lakewood Ranch
  • Long-term net leases include three medical and one health-care related tenant.
  • Incredible synergy with surround medical offices and Emergency Department
  • High traffic location adjacent to a Walmart Supercenter
  • Medical Office Investment Opportunity with leases extending into 2027 and beyond
  • Well maintained modern building elevator lobby and minimal common areas.

OVERVIEW

Incredible office investment opportunity located just off of State Road 70 on Ranch Lake Boulevard in Bradenton Florida. This two story medical office building boasts four tenants, two of which have been long-term tenants and the first to occupy their suites. The building features Net leases for each of the four tenants with current expiration dates into 2027 and options to extend reaching far beyond. Located behind the HCA Florida Freestanding Emergency department, this opportunity offers premium visibility and has been well maintained with beautiful flooring and light fixtures, marble check in counters, and an elevator for accessibility to the second floor. With the adjacent Walmart Supercenter this property has retail, high visibility exposure and traffic.

FOR SALE DETAILS

PRICE

$4,475,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ranch Lake Plaza Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

PDC

APN/PARCEL ID

17309-4405-9

ASK ABOUT THIS PROPERTY

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

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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.