3315-3345 Medical Hill Rd., Sebring, FL 33870

Subject property is in an Opportunity zone. Th Medical Hill Professional Plaza is a 12,350 square foot free standing medical/office building located at 3315 Medical Hill Rd. Sebring, Florida 33870 in Highlands County. The property was built in 2001 with concrete block and stucco exterior. The interior consists of painted drywall walls, acoustical drop down ceilings with laminate, carpet and vinyl flooring. There are five separate suites that are well suited for multiple medical office users and can accommodate professional office users as well. The property is well suited for an owner/ user or investor looking for significant NOI growth.

THE PROPERTY HAS A NATIONAL “A” RATED TENANT IN PLACE , VITAS HEALTHCARE . IN 2020 THEY COMPLETELY GUTTED 6,600 SQ. FT. OF THE BUILDING AND SPENT APPROXIMATELY $900,000 TO REMODEL INCLUDING PLUMBING, ELECTRICITY, HVAC SYSTEMS, AND FLOORING. ON 11/1/2020 THEY ENTERED INTO A 7 YEAR LEASE WITH A 5 YEAR OPTION. WITH TWO YEARS LEFT ON THE ORIGINAL LEASE WE WERE RECENTLY NOTIFIED THAT THEY HAD EXERCISED THE OPTION TO EXTEND THEIR LEASE UNTIL 10/31/32.

The plaza is located on the west side of Medical Hill Rd., one block away from HCA Hospital and a few blocks North of US Hwy. 27 South, the main roadway through Sebring. The properties close proximity to the Hospital and easy access to US Hwy 27 give it a strong advantage in the market.