Love Life
8946 77th Terrace E, LAKEWOOD RANCH, FL 34202
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  • MLS#: A4688412 ( Commercial Sale )
  • Street Address: 8946 77th Terrace E
  • Viewed: 11
  • Price: $7,545,000
  • Price sqft: $834
  • Waterfront: No
  • Year Built: 2009
  • Bldg sqft: 9046
  • Days On Market: 11
  • Additional Information
  • Geolocation: 27.3995 / -82.4505
  • County: MANATEE
  • City: LAKEWOOD RANCH
  • Zipcode: 34202
  • Provided by: SVN COMMERCIAL ADVISORY GROUP
  • Contact: Tony Veldkamp, CCIM
  • 941-387-1200
  • mfrmls
  • DMCA Notice
  • 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 9046.00
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Road Frontage Type: City Street
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 453418.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Country: US
  • Legal Description: UNITS 10-A-1, 10-B-1, 10-C-1, 10-D-1, 10-E-1, 10-F-1, 10-G-1, 10-H-1, 10-I-1, 10-J-1, 10-K-1, 10-L-1, 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI#
  • Area Major: 34202 - Bradenton/Lakewood Ranch/Lakewood Rch
  • Parcel Number: 1918552979
  • Views: 11
  • Zoning Code: PD-MU
Headshot for Associate Dennis Dial
  1. The Dial Team
  2. Tropic Shores Realty
  3. Love Life
  4. Mobile: 561.201.4476
  5. dennisdialsells@gmail.com