The Medical/Professional Building

Office for Sale
Sale Pending
Catylist Listing ID: 30787001
Property Subtypes: Medical, Office Building
Status: Pending
Condo? Yes
Building Size (RSF): 2,808 SF
Gross Building Area: See Agent
Sale Price: $729,000
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: The Medical/Professional Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2022

Overview / Comments

Three office condominiums offered for sale at The Medical/Professional Building. This is a stable building with many long term occupants. Currently leased to Quest Diagnostics a Fortune 500 company with 48,000 employees and generating $7.7 billion in revenue as of 2019. Quest Diagnostics is a publicly traded company, NYSE DGX.

Part of a 30,000 sf, 3 story medical office building.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0000007768
Is Condo?: Yes
Zoning: OPB
Property Located Between: Tuttle
Site Description: Excellent location close to other medical, hospital and residential. Directly across the street from CoreSRQ (YMCA) and a proposed new development across Briggs including 250 residential units.
Number of Stories: 3
Typical SF / Floor: 10,000 SF
Year Built: 1977
Year Renovated: 2005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,226 102,462 172,454
Median Age: 46.01 45.79 48
Households: 7,081 45,958 79,308

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