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2701 W St Isabel St 6,987 SF Office Building Tampa, FL 33607 $4,481,522 CAD ($641.41 CAD/SF) 5.94% Cap Rate
INVESTMENT HIGHLIGHTS
- Credit rated tenant in United Healthcare Group (UHG)
- High-end medical buildout performed specifically for tenant (build-to-suit)
- Below market contractual rent (positive leasehold interest)
- NNN lease with new 5-year initial term and 5-year option beginning January 2026
- Close proximity to two major hospitals
- Vaulted retention and adequate covered parking
EXECUTIVE SUMMARY
2701 W Saint Isabel St. is a stand-alone, Class A medical office building constructed in 2008 with reinforced concrete block and stucco construction. The property totals approximately 7,670 square feet across two stories, with roughly 6,375 square feet of rentable area situated on a 0.46-acre corner lot. It offers excellent accessibility and visibility at the intersection of St. Isabel and Tampania Avenue, only minutes from Tampa International Airport and just two blocks from St. Joseph’s Hospital and St. Joseph's Women's Hospital —an ideal location for medical tenants seeking proximity to a major healthcare hub.
The building features 38 dedicated parking spaces, including 19 covered spaces, which is a meaningful advantage for a medical operation with regular patient flow and staff traffic. Inside, the first-floor lobby is finished with ceramic tile, crown molding, recessed lighting, and a dropped acoustical ceiling, creating a professional presence for visitors. With its credit rated tenant (United Healthcare Group), strong location, modern construction/buildout and ample covered parking, this property positions an investor to capture stable cash flow from medical tenancy while retaining opportunities for future upside (below mkt. rent).
This property offers a rare opportunity for stable, long-term cash flow — it is fully leased and occupied by a well-established medical provider, WellMed a division of United Healthcare Group (UHG). Credit rated tenant just executed a 5-year lease with 5-year option after occupying building for its 1st 10 years as only occupant after high grade medical purpose buildout.
The building features 38 dedicated parking spaces, including 19 covered spaces, which is a meaningful advantage for a medical operation with regular patient flow and staff traffic. Inside, the first-floor lobby is finished with ceramic tile, crown molding, recessed lighting, and a dropped acoustical ceiling, creating a professional presence for visitors. With its credit rated tenant (United Healthcare Group), strong location, modern construction/buildout and ample covered parking, this property positions an investor to capture stable cash flow from medical tenancy while retaining opportunities for future upside (below mkt. rent).
This property offers a rare opportunity for stable, long-term cash flow — it is fully leased and occupied by a well-established medical provider, WellMed a division of United Healthcare Group (UHG). Credit rated tenant just executed a 5-year lease with 5-year option after occupying building for its 1st 10 years as only occupant after high grade medical purpose buildout.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
6,987 SF
Building Class
A
Year Built
2008
Price
$4,481,522 CAD
Price Per SF
$641.41 CAD
Cap Rate
5.94%
NOI
$266,133 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,494 SF
Slab To Slab
12’
Building FAR
0.35
Lot Size
0.46 AC
Zoning
PD
Parking
38 Spaces (5.44 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
George M. Rapier III, MD, founded WellMed in 1990 as a single clinic in the Medical Center area of San Antonio, Texas. Today, WellMed is a network of doctors, specialists and other medical professionals that specialize in providing care for more than one million older adults with doctors’ offices in Texas and Florida. WellMed is a leader in keeping older adults healthy. They are proud to provide extra support to people with multiple chronic conditions, like diabetes and heart disease. They empower patients to live healthier through the support of an entire medical team that works together to give the best care possible. Specialists include cardiology, podiatry, dermatology, rheumatology, neurology, palliative care, wound care, hospital medicine and more.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | A-10-29-18-3IV-000000-00043.0 | Improvements Assessment | $2,262,135 CAD |
| Land Assessment | $333,701 CAD | Total Assessment | $2,595,836 CAD |
PROPERTY TAXES
Parcel Number
A-10-29-18-3IV-000000-00043.0
Land Assessment
$333,701 CAD
Improvements Assessment
$2,262,135 CAD
Total Assessment
$2,595,836 CAD
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2701 W St Isabel St
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