MOB Investment Property

Office for Sale
Catylist Listing ID: 30286202
Property Subtypes: Medical
Building Size (RSF): 9,994 SF
Gross Building Area: 11,788 SF
Gross Land Area: 42,906 SF
Sale Price: $3,020,144
Unit Price: $302.20 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Florida Cancer Specialists
Class of Space: Class B
Usable Size (USF): 9,994 SF
Sale Terms: Cash to Seller
Cap Rate: 8.25%
Average Occupancy Rate: 100
Last Updated: 6/7/2018

Overview / Comments

This is a medical office building investment property. The property is leased to Florida Cancer Center & Research Institute. The remaining lease term in 3 years with two five year options. We think Florida Cancer Center is very likely to exercise one if not both five year options. The Tenant has occupied the property since being built in 2006. The NOI is $249,161 with 3% annual increases.
Very attractive building located two blocks south of Blake Hospital in Bradenton. Please review package attached hereto or contact agent.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 3938640279
Property Located Between: Manatee Ave West and Cortez Rd West one block west of 59th St W in Bradenton
Property Visibility: Good
Site Description: The site is located just two blocks south of Blake Hospital in Bradenton.
Area Description: The area is known as Point West Medical Park. It is an area just south of Blake hospital, west of 59th Street West and is made up of mostly medical practices.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,994 SF
Year Built: 2006
Roof Type: Other
Construction/Siding: Block
Exterior Description: Mediterranean design with concrete block/stucco construction and barrel tile roof.
Parking Type: Surface
Parking Description: Surface parking on south and west side of buildings.
Sprinklers: Wet
Heat Type: Electricity, Hot Water
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: DSL
Interior Description: See floor plan in attached marketing package.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Lots 5 & 6 Pointe West Medical Park

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,267 82,887 162,095
Median Age: 58.13 46.48 45.06
Households: 7,020 37,634 70,010

Contact

Photograph of Listing Agent

Jay J Heagerty Jr.

WAGNER REALTY MFCRE Member
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