Absolute NNN Leased Medical Building
Office
for Sale
| Catylist Listing ID: |
30642791 |
| Property Subtypes: |
Medical, Net Leased, Office Building
|
| Building Size (RSF): |
12,377 SF
|
| Gross Land Area: |
0.79 Acres
|
| Sale Price: |
$2,700,000 |
| Unit Price: |
$218.15 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Dedicated Senior Health Care - Lakeland North |
| Class of Space: |
Class B |
| Usable Size (USF): |
12,377 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/25/2020 |
Overview / Comments
|
Free-standing, Single Tenant Net Leased (Absolute Net) medical office building located in the heart of Lakeland. Corner location - lighted - includes onsite parking lot - roughly 35 - 39 cars as currently configured - curb cut access to Florida and Missouri Avenues. Building totally renovated in 2015 for current occupant which is multi -unit medical provider in the Southeast. Current lease term runs through 1/27/26 and tenant has 2, 5 year renewal options. Lease provides for annual escalations. Current CAP Rate is 3.9% based upon current, in-place income. Property subject to ROFR of existing tenant. Shown by appointment only and subject to access restrictions due to current health advisory. NDA available.
|
Additional Details
| Nearest MSA: |
Lakeland-Winter Haven |
| County: |
Polk |
| Taxing Authority: |
Polk County |
| Tax ID/APN: |
232813068500003010 |
| Property Located Between: |
Lake Wire Drive and Florida Avenue |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
12,377 SF |
| Year Built: |
1937 |
| Year Renovated: |
2015 |
| Roof Type: |
Gable |
| Construction/Siding: |
Stucco |
| Parking Type: |
Surface |
| Total Parking Spaces: |
39 |
| Zoning Description: |
C - 6 |
| Lot Frontage: |
215 |
| Lot Depth: |
145 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,063 |
80,179 |
131,011 |
| Median Age: |
35.98 |
37.62 |
39.11 |
| Households: |
5,069 |
31,892 |
52,321 |
|
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