8946 77th Terrace E, LAKEWOOD RANCH, FL 34202
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Priced at Only: $7,545,000
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Address: 8946 77th Terrace E, LAKEWOOD RANCH, FL 34202
Property Location and Similar Properties
- 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

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DescriptionLocated 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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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
- The Dial Team
- Tropic Shores Realty
- Love Life
- Mobile: 561.201.4476
- dennisdialsells@gmail.com












