8946 77th Ter E - Medical FOR SALE


Lakewood Ranch, FL 34202
$6,975,000 USD
941-374-9657
8946 77th Ter E, Lakewood Ranch, FL for Sale
$6,975,000 USD
Medical - FOR SALE
1/18
null | 6.5% Cap Rate

8946 77th Ter E
Lakewood Ranch, FL 34202


HIGHLIGHTS

  • Radiation Oncology center in award-winning Lakewood Ranch community, just minutes from massive UTC Mall shopping area.
  • True NNN Lease – No landlord responsibilities
  • 6.5 % Cap Rate
  • Large regional Tenant, newer to the building, investing for the long-term
  • Well-Maintained Building with many Tenant improvements under way and ample parking.
  • Prime Location – Just 1.6 miles from Lakewood Ranch Medical Center

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 6.5% 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

$6,975,000 USD

PRICE/SF

$867 USD /SF

CAP RATE

6.5%

% 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

-

LAND 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.