Medical/Dental Investment Property

Office for Sale
Catylist Listing ID: 30640390
Property Subtypes: Medical
Building Size (RSF): 2,424 SF
Gross Building Area: See Agent
Sale Price: $625,000
Unit Price: $257.84 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 2,424 SF
Sale Terms: Cash to Seller
Cap Rate: 6.21%
Last Updated: 9/22/2020

Overview / Comments

This 10 Year Medical/Dental Investment Property is in the path of huge progress on SR 64 East and Rye Road. This property is located in the Rye Road Professional Center at the four way stop of SR 64, Rye Road and White Eagle Blvd. Fantastic Location for Medical Investment Property. The 10 year lease was just signed at the beginning of 2020. This is an absolute Triple Net Lease with a solid Dental Practice. The Medical condominium is in excellent condition with very new interior finishes. Solid Investment in a aggressive growth area in East County!

Financials

Finance Data Year 2020
Net Operating Income $38,784 (Annual)

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 568220009
Zoning: PR-M
Property Visibility: Excellent
Number of Stories: 1
Year Built: 2007
Year Renovated: 2019
Parking Ratio: 6 (per 1000 SF)
Parking Type: Surface
Zoning Description: PR-M Currently entire condominium is all Medical users

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,150 48,738
Median Age: 45.58 46.77
Households: 3,687 19,381

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