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8946 77th Ter E 9,046 SF Office Building Lakewood Ranch, FL 34202 $10,471,026 CAD ($1,157.53 CAD/SF) 6.01% Cap Rate
Investment Highlights
- Single-tenant medical office property occupied by a Radiation Oncology Center with two treatment vaults.
- Tenant, Advocate Radiation Oncology, demonstrates long-term commitment with significant capital improvements and renewal options.
- Prime location just 1.6 miles from Lakewood Ranch Medical Center, within a master-planned community offering strong healthcare synergy and accessibili
- True NNN lease structure with no landlord responsibilities, providing stable income.
- Well-maintained building featuring a welcoming courtyard, multiple exam rooms, private offices, and advanced imaging facilities.
Executive Summary
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.
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 Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,046 SF
Building Class
B
Year Built/Renovated
2008/2014
Price
$10,471,026 CAD
Price Per SF
$1,157.53 CAD
Cap Rate
6.01%
NOI
$629,259 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,046 SF
Building FAR
1.15
Lot Size
0.18 AC
Zoning
PDMU3
Parking
60 Spaces (6.63 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
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8946 77th Ter E
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