Medical Building Sale/Leaseback Opportunity!

Office for Sale
Catylist Listing ID: 30364964
Property Subtypes: Business Park, Medical, Net Leased, Other
Building Size (RSF): 5,241 SF
Gross Land Area: 0.19 Acres
Sale Price: $850,000
Unit Price: $162.18 PSF
Property Use Type: Investment, Business
Building Name: Scarano & Taylor Pediatrics
Class of Space: Class B
Usable Size (USF): 5,241 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 6.52%
Average Occupancy Rate: 100
Last Updated: 6/12/2019

Overview / Comments

Take advantage of a solid sale and leaseback investment opportunity with a long standing local area Pediatric practice. This recently renovated medical office boasts all new floors throughout. Interior garden and skylights. Practice utilizes 12 observations rooms, 5 ADA restrooms, laboratory, laundry room, separate sick/well waiting areas. As well as a lab and 3 private offices. Also features a second floor for records office, storage closets, kitchen, IT closet and employee break area. Tons of space throughout and immaculately kept.

Practice will continue to rent from the new owners and a long term lease back situation is possible for additional financial attractiveness. Take advantage of this amazing investment opportunity nestled under the majestic old oaks of the Parkwood Professional Park!

Attachments & Media

Current Tenants

Tenant Business Name Scarano & Taylor Pediatrics
Tenant Notes Tenant is owner

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 5240202009
Zoning: PR-S
Property Located Between: Cortez Road West and 53rd Avenue West
Property Visibility: Good
Highway Access: Just a few blocks north of SR 70 east direct to I-75
Airports: Bradenton/Sarasota; St. Pete/Clearwater; Tampa International
Site Description: Located near the SW corner in the Parkwood Professional Office Park complex
Area Description: Located just off 26th St. West a few blocks north of SR 70 / 53rd Ave.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,606 SF
Year Built: 1994
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Newly redone parking lot and new striping
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Zoning Description: Professional - Small
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: GIANGRECO, ALFREDO A
Legal Description: UNITS 9 & 10 PARKWOOD PROFESSIONAL CENTER CONDO PI#52402.0200/9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,312 112,507 180,743
Median Age: 38.07 44.07 44.35
Households: 8,582 49,076 76,998

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