8946 77th Ter E - Medical FOR SALE


Lakewood Ranch, FL 34202
$7,545,000 USD
941-374-9657
8946 77th Ter E, Lakewood Ranch, FL for Sale
$7,545,000 USD
Medical - FOR SALE
1/40
null | 6.01% Cap Rate

8946 77th Ter E
Lakewood Ranch, FL 34202


HIGHLIGHTS

  • Single-tenant medical office property occupied by a Radiation Oncology Center with two treatment vaults.
  • True NNN lease structure with no landlord responsibilities, providing stable income.
  • Tenant, Advocate Radiation Oncology, demonstrates long-term commitment with significant capital improvements and renewal options.
  • Well-maintained building featuring a welcoming courtyard, multiple exam rooms, private offices, and advanced imaging facilities.
  • Prime location just 1.6 miles from Lakewood Ranch Medical Center, within a master-planned community offering strong healthcare synergy and accessibili

OVERVIEW

Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.

FOR SALE DETAILS

PRICE

$7,545,000 USD

PRICE/SF

$834 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

PDMU3

APN/PARCEL ID

-

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.