Company Logo
Get New Listings Emailed Daily! SIGN UP LOGIN
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo
8946 77th Terrace E, Lakewood Ranch, FL 34202 Photo

11 Total Photos [Click to View All]

$7,545,000
Status: Active
8946 77th Terrace E Lakewood Ranch, FL 34202
  • Bedrooms
  • Total Baths
  • 8,046
    Square Feet
  • 0.18
    Acres
  • 2009
    Year Built
  • HOA

Property Description

Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity.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.

Request Info / Schedule Showing

Contact Form

Property Features

MLS Number: A4688412
Days on Market: 42
Subdivision: PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10
County: Manatee
Bedrooms: 0
Total Square Feet: 8,046
New Constuction: No
Construction: Stucco
Waterfront: No
Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 0.18 Acres
Taxes: $23,562
Year Built: 2009

Feature Descriptions

Days on Site: 42
Directions: From Interstate 75 and University Parkway, head East on University Parkway. Turn left at Town Center Parkway, turn left on 77th Terrace East. Turn left into the parking lot. This building is located at the back of the parking lot.
Exterior: Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.18
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Office
Sale Includes: Leases
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Water Access Y/N: No
Zoning: PD-MU

Location

Listed By / Shown By

Listed By

Broker Name: SVN COMMERCIAL ADVISORY GROUP
Broker Contact: 941-387-1200

Shown By

Broker Title: EstaVal
Broker Phone: 941-241-4100

IDX logo

Login to My Homefinder

Pixel