8946 77th Terrace E, LAKEWOOD RANCH, FL 34202
Contact Tropic Shores Realty
Schedule A Showing
Request more information
- 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

- DMCA Notice
-
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.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Garage Spaces
- 0.00
Insurance Expense
- 0.00
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#
Living Area
- 9046.00
Area Major
- 34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Net Operating Income
- 453418.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 1918552979
Property Condition
- Completed
Property Type
- Commercial Sale
Road Frontage Type
- City Street
Tax Year
- 2025
Township
- 35
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/A4688412
Year Built
- 2009
Zoning Code
- PD-MU












