UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,046 sqft
Price per Sqft $937
Subdivision Professional Center At Lakewood R 8, 9&10
MLS Listing ID A4688412
Construction Status Completed
HOA Y/N No
Year Built 2009
Annual Tax Amount $23,562
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Office
Source Stellar MLS
Property Description
The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure.
The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy.
The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services.
Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
Location
State FL
County Manatee
Community Professional Center At Lakewood R 8, 9&10
Area 34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Zoning PD-MU
Direction E
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Stucco
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4688412
