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650 34th St S 10,316 SF Office Building Saint Petersburg, FL 33711 $5,478,840 CAD ($531.10 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Freestanding Medical Facility In Excellent Condition
- 2nd Gen Dialysis Center + On-Site Generator
- ADA-Compliant Layout With Accessible Entrances, Restrooms, And Patient Flow Corridors
- 10,316± SF on 1.03± AC
- 47 On-Site Parking Spaces | Specialized Plumbing | 3-Phase Power 1060 AMPS
- 2,000+ Planned Apartment Units Along 34th St S Corridor
Executive Summary
For an owner-user, the property delivers a turnkey clinical environment — purpose-built to Fresenius Medical Care's institutional specifications — eliminating the time, cost, and risk associated with ground-up development or shell conversion. For an investor, the property represents a dark NN acquisition opportunity — a freestanding, institutionally built facility with an existing NN lease structure in place, ready to be re-tenanted in a submarket where healthcare demand is growing and purpose-built clinical product rarely becomes available.
The surrounding area is supported by a dense residential population and rising demand for outpatient healthcare services, making the 34th Street corridor an established and high-visibility location for patient-centered medical care. The property's central infill positioning provides convenient access to downtown St. Petersburg and major thoroughfares throughout Pinellas County, enabling efficient patient reach across a broad and growing catchment area.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Fresenius Kidney Care originated in 1996 through a merger that created a global leader in renal services. The company operates thousands of dialysis clinics worldwide while also manufacturing essential dialysis equipment and supplies. The integrated business model combines direct patient care with pharmaceutical production. Fresenius Kidney Care maintains a presence in numerous countries through both treatment centers and production facilities, serving a significant population of patients requiring kidney disease management.
- South St Petersburg Artificial
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| South St Petersburg Artificial | Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Located along the highly traveled 34th Street South corridor, 650 34th Street South presents an opportunity for both owner-users seeking a move-in-ready clinical facility and investors looking to acquire a freestanding, single-tenant asset structured as a dark NN investment. For an owner-user, the property delivers a turnkey clinical environment — purpose-built to Fresenius Medical Care's institutional specifications — eliminating the time, cost, and risk associated with ground-up development or shell conversion. For an investor, the property represents a dark NN acquisition opportunity — a freestanding, institutionally built facility with an existing NN lease structure in place, ready to be re-tenanted in a submarket where healthcare demand is growing and purpose-built clinical product rarely becomes available. The surrounding area is supported by a dense residential population and rising demand for outpatient healthcare services, making the 34th Street corridor an established and high-visibility location for patient-centered medical care. The property's central infill positioning provides convenient access to downtown St. Petersburg and major thoroughfares throughout Pinellas County, enabling efficient patient reach across a broad and growing catchment area.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 10,316 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 10,316 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 10,316 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Located along the highly traveled 34th Street South corridor, 650 34th Street South presents an opportunity for both owner-users seeking a move-in-ready clinical facility and investors looking to acquire a freestanding, single-tenant asset structured as a dark NN investment. For an owner-user, the property delivers a turnkey clinical environment — purpose-built to Fresenius Medical Care's institutional specifications — eliminating the time, cost, and risk associated with ground-up development or shell conversion. For an investor, the property represents a dark NN acquisition opportunity — a freestanding, institutionally built facility with an existing NN lease structure in place, ready to be re-tenanted in a submarket where healthcare demand is growing and purpose-built clinical product rarely becomes available. The surrounding area is supported by a dense residential population and rising demand for outpatient healthcare services, making the 34th Street corridor an established and high-visibility location for patient-centered medical care. The property's central infill positioning provides convenient access to downtown St. Petersburg and major thoroughfares throughout Pinellas County, enabling efficient patient reach across a broad and growing catchment area.
Property Taxes
| Parcel Number | 23-31-16-76590-021-0040 | Improvements Assessment | $2,213,088 CAD |
| Land Assessment | $505,786 CAD | Total Assessment | $2,718,874 CAD |
Property Taxes
Contacts
-
Scott Clendening -
Jay Billings -
Harrison Gault -
Commercial Partners Realty, Inc.
Presented by
650 34th St S
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