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1839 Central Ave
Saint Petersburg, FL 33713
PHC of Pinellas · Office Property For Sale
Investment Highlights
- Sold in Conjunction with 1955 1st Ave N. St. Petersburg, FL. The assets can be purchased together or individually
- One of the Nation's Fastest-Growing Markets — The Tampa Bay MSA exceeds 3.4 million residents
- Passive Income in a Pro-Business, No-Income-Tax State
- $967,344 Year 1 NOI —with NNN leases and 100% occupancy
- The 65+ population is projected to surpass 900,000 by 2030
- Pinellas County's peninsula geography naturally limits new medical office development, reinforcing the long-term value of well-located existing MOBs
Executive Summary
Zeustra is pleased to present the exclusive opportunity to acquire a fully occupied, single-tenant NNN-leased medical office portfolio in the urban core of St. Petersburg, Florida. Occupied by Professional Health Care of Pinellas — a 28+ physician outpatient platform serving the greater Tampa Bay region — the two-building, 34,548 SF portfolio is secured by new 10-year triple-net leases with 2.5% annual escalations, generating $967,344 in Year 1 NOI with zero landlord responsibilities. The assets may be acquired together or individually.
Located within minutes of Orlando Health Bayfront Hospital and St. Anthony's Hospital in one of the nation's fastest-growing markets, the properties are embedded in a supply-constrained, high-demand medical corridor serving nearly one million Pinellas County residents. With institutional lease terms, a deeply rooted multi-physician tenant, and irreplaceable urban positioning in a market fueled by sustained in-migration and an expanding retiree demographic, this offering represents a rare chance to acquire passive, long-term healthcare income in the heart of Florida's Gulf Coast growth engine.
Located within minutes of Orlando Health Bayfront Hospital and St. Anthony's Hospital in one of the nation's fastest-growing markets, the properties are embedded in a supply-constrained, high-demand medical corridor serving nearly one million Pinellas County residents. With institutional lease terms, a deeply rooted multi-physician tenant, and irreplaceable urban positioning in a market fueled by sustained in-migration and an expanding retiree demographic, this offering represents a rare chance to acquire passive, long-term healthcare income in the heart of Florida's Gulf Coast growth engine.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
20,400 SF
Building Class
C
Year Built/Renovated
1979/2016
NOI
$1,323,017 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
6,800 SF
Building FAR
0.77
Lot Size
0.61 AC
Zoning
CBD-4, St Petersburg
Parking
103 Spaces (5.05 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 24-31-16-29718-015-0050 | Improvements Assessment | $1,920,608 CAD |
| Land Assessment | $1,956,492 CAD | Total Assessment | $3,877,100 CAD |
Property Taxes
Parcel Number
24-31-16-29718-015-0050
Land Assessment
$1,956,492 CAD
Improvements Assessment
$1,920,608 CAD
Total Assessment
$3,877,100 CAD
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