Town 'n' Country Medical Office - NNN Leased Medical Office

Office for Sale
Catylist Listing ID: 30707630
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 5,034 SF
Sale Price: $1,275,000
Property Use Type: Vacant/Owner-User
Building Name: Town 'n' Country Medical Office
Class of Space: Class B
Usable Size (USF): 5,034 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/21/2021

Overview / Comments

This 5,034 SF medical office condo has recently been leased to a regional primary care group on a new 5 year term (Starting September 1, 2021. The building is located in the Medical Professional Center adjacent to Tampa Community Hospital and features a large reception area and a waiting room capable of accommodating 12-15 patients, with an adjoining patient restroom. There is a multi-person reception office as well as several plumbed exam rooms, private physicians offices, a staff break room, and and previously served as a radiation "Cyberknife" facility and still has a radiation vault in place which the tenant plans to retrofit into a staff break and meeting room" as well as renovating several offices into additional exam rooms. The building has an abundance of power and the center has ample parking, ideal for the high traffic medical user. The tenant is responsible for all interior maintenance and building structure and roof are the responsibility of the association. Tenant pays all pass throughs (Association dues, Taxes, Insurance & Maintenance)
6.51 % Cap (Year 1) - 2% annual escalations

Located just off W. Hillsborough Avenue west of the Veterans Express, offering easy access to surrounding areas.

*DETAILED SALE BROCHURE UNDER PHOTOS & DOCUMENTS*

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: U-35-28-17-93P-000000-0B201.0
Is Condo?: Yes
Zoning: PD - PLANNED DEVELOPMENT
Property Located Between: Webb Rd & W Hillsborough Ave
Highway Access: Veterans Express
Airports: Tampa International
Site Description: 5,034 SF medical office condo is located in the Medical Professional Center adjacent to Tampa Community Hospital.
Area Description: Located just off W. Hillsborough Avenue west of the Veterans Express.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,034 SF
Year Built: 2008
Interior Description: Features a large reception area and a waiting room capable of accommodating 12-15 patients, with an adjoining patient restroom. There is a multi-person reception office as well as several plumbed exam rooms, private physicians offices, a staff break room, and and previously served as a radiation "Cyberknife" facility and still has a radiation vault in place which the tenant plans to retrofit into a staff break and meeting room" as well as renovating several offices into additional exam rooms.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,111 83,039 203,200
Median Age: 35.93 37.34 37.56
Households: 6,995 32,399 81,760

Contact

Photograph of Listing Agent

Michael Braccia, P.A.

Bay Street Commercial CE-FL Member
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