Available For Sale - Office

3,201 SF | Show Pricing $

LISTED BY

J. Chris Malkin
SVN | Commercial Partners, 941-350-0235

AVAILABILITY DETAILS

Size
3,201 SF
Price/SF
Show Pricing $
Listing ID
SA504192
Notes
Tenant: AdvocateMD, a medical practice majority owned by a Fortune 500 company, offering full spectrum primary care services in the Venice/Sarasota market. There is an impressive 6-year lease with a 3% escalator. AdvocateMD’s commitment to delivering top-notch medical services has made them a trusted name in the industry, ensuring a stable and reliable income stream for potential investors.

Property Details

Size: 3,201 square feet - fully remodeled in 2021, including a new roof, this spacious and versatile space is perfectly suited for a medical practice, offering ample room for patient care and staff operations.

Leasing Terms

Lease Rate: $24/sf NNN (Triple Net) - Offering a competitive lease rate to maximize potential returns for investors. Annual Escalator: 3% - Ensuring consistent growth and protection against inflation.

Zoning: CHI - Commercial, Highway Interchange The property is zoned CHI, providing a strategic location for various businesses and allowing for a diverse range of possibilities. This prime highway interchange location ensures maximum visibility and accessibility for both tenants and their clients.

Why Invest Here?

Stable and Reliable Tenant: AdvocateMD's Fortune 500 owner, and their long-standing presence and stellar reputation in the medical field ensure a consistent stream of revenue.

Favorable Lease Terms: The $24/sf NNN lease rate with a 3% annual escalator provides an attractive return on investment.

Prime Location: Strategically located in an aggressively growing and high-traffic area with easy access to major highways, a new hospital, numerous communities recently completed or under construction, and a steady and growing flow of potential customers.

Don't miss out on this exceptional commercial real estate opportunity! Secure your future with a strong and reputable corporate tenant in a prime location. Contact us today to arrange a viewing and take the first step towards a sound investment in the thriving world of commercial real estate.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
J. Chris Malkin, SVN | Commercial Partners