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8946 77th Terrace E, LAKEWOOD RANCH, FL 34202
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8946 77th Terrace E
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  • MLS#: A4688412 ( Commercial Sale )
  • Street Address: 8946 77th Terrace E
  • Viewed: 2
  • Price: $7,545,000
  • Price sqft: $834
  • Waterfront: No
  • Year Built: 2009
  • Bldg sqft: 9046
  • Days On Market: 2
  • 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
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. UNITS 10-A-1
  2. 10-B-1
  3. 10-C-1
  4. 10-D-1
  5. 10-E-1
  6. 10-F-1
  7. 10-G-1
  8. 10-H-1
  9. 10-I-1
  10. 10-J-1
  11. 10-K-1
  12. 10-L-1
  13. 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI#
Living Area
  1. 9046.00
Area Major
  1. 34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Net Operating Income
  1. 453418.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 1918552979
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Tax Year
  1. 2025
Township
  1. 35
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/A4688412
Year Built
  1. 2009
Zoning Code
  1. PD-MU
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com