Single Tenant Medical Investment

Office for Sale
Catylist Listing ID: 30724042
Property Subtypes: Medical
Condo? Yes
Building Size (RSF): 5,243 SF
Gross Building Area: See Agent
Sale Price: $1,750,000
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Sale/Leaseback
Cap Rate: 6.91%
Average Occupancy Rate: 100
Last Updated: 4/20/2021

Overview / Comments

Opportunity to own a medical office investment. This is a sale-leaseback to the original owner of the office-condominium. The practice is owned by a National Medical Group, GenesisCare USA of Florida, LLC.
Beautiful Building with well designed Medical Layout
Established Practice
National Credit Tenant
Great Demographics

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0000008252
Is Condo?: Yes
Zoning: OPI
Area Description: Venice is located in Sarasota County on Florida's Gulf Coast. It is located 35 minutes south of Downtown Sarasota and 1 hour 15 minutes south of Tampa International Airport. The medical condominium is located off Jacaranda Blvd., 2 miles south of the I-75 exit. The building is located just under 4 miles from Venice Regional Medical Center located on Venice Island and just under 5 miles from the new Sarasota Memorial Hospital which is scheduled to open this year.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,119 47,618 73,414
Median Age: 65.33 61.28 60.72
Households: 2,765 24,210 37,487

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