Medical Office
Office
for Sale
| Catylist Listing ID: |
30707924 |
| Property Subtypes: |
Executive Suites, Medical, Net Leased
|
| Building Size (RSF): |
9,164 SF
|
| Gross Building Area: |
9,840 SF |
| Gross Land Area: |
1.01 Acres
|
| Sale Price: |
$1,250,000 |
| Unit Price: |
$136.40 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Gulf Professional Center |
| Class of Space: |
Class B |
| Usable Size (USF): |
9,164 SF |
| Sale Terms: |
Cash to Seller, Owner Financing, Sale/Leaseback |
| Cap Rate: |
7.9% |
| Average Occupancy Rate: |
78 |
| Last Updated: |
2/16/2021 |
Overview / Comments
The median age in Englewood is 67, compared to the national average of 38. Being a retirement community, medical expenditures spending is much higher than the national average. Population growth is expected within the five-mile radius of the property. An apartment complex is being planned down the street as well as 800 new homes for the next couple of years.
The property has more than 300 square feet of frontage along Englewood Road and 180 feet of frontage on Keyway Road. The property consists of two parcels. The first parcel encompasses the units as well as parking for units 1-4. Unit 5 is a separate, attached, one-story building with an adjacent parking lot (parcel 2) and good visibility from Englewood Road.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Tax ID/APN: |
0485 03 1001 |
| Zoning: |
OPI/OFFICE,PROFESSIONAL INSTITUTIONAL |
| Property Visibility: |
Excellent |
| Site Description: |
Completely renovated (inside and outside) in 2015: metal roof, 5 A/C, plumbing, interior, etc. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Year Built: |
1989 |
| Year Renovated: |
2015 |
| Roof Type: |
Hip |
| Construction/Siding: |
Concrete |
| Exterior Description: |
Stucco |
| Parking Type: |
Surface |
| Parking Description: |
20 parking spots |
| Total Parking Spaces: |
20 |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Zoning Description: |
OPI/OFFICE, PROFESSIONAL INSTITUTIONAL |
| Lot Frontage: |
160 |
| Lot Depth: |
130 |
| Water Service: |
Municipal, Well |
| Sewer Type: |
Septic |
| Legal Description: |
UNITS 1, 2, 3, 4 & 5, CENTURY PLAZA |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,944 |
19,654 |
52,466 |
| Median Age: |
64.92 |
58.25 |
59.01 |
| Households: |
1,018 |
9,612 |
26,094 |
|
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