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31559865
31559877

8 Locations

NM
PA PA RS322215
Zeustra Inc
Listed by Zeustra Inc
$28,480,600
63 days on market
Updated 36 days ago

ABS NNN | RadNet Imaging | Medical Office Portfolio

Details
Property Type Office
Sub Type Medical Office
Square Footage 80,045
Net Rentable (SqFt) 80,045
Units 8
Cap Rate 9%
NOI $2,563,255
Occupancy 100%
Tenancy Multi
Brand/Tenant RadNet
Lease Type Absolute NNN
Lease Expiration 11/29/2031
Remaining Term 5.5
Rent Bumps Yes
Price per SqFt $356
Class B
Year Built 2005, 1993, 1987
Buildings 8
Investment Type Core+
Ownership Fee Simple

RadNet Imaging Portfolio | 8 Assets - Medical Office | 80,045 SqFt

Marketing description

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire a premier 8-asset medical office portfolio totaling 80,045 rentable square feet, strategically located throughout the rapidly growing Southwest Florida markets of Cape Coral and Fort Myers. This institutional-quality portfolio is anchored by Radiology Regional, recently acquired by RadNet (NASDAQ: RDNT), a leading publicly traded diagnostic imaging platform, reinforcing the long-term stability and strategic importance of the tenancy.

Approximately 90% of the portfolio is leased to Treasure Coast Imaging Partners (TCIP), an affiliate of Radiology Regional and RadNet, under absolute net lease structures, providing investors with passive, management-free ownership and minimal landlord responsibilities. The portfolio features a weighted average lease term of approximately 5.47 years, driven by the RadNet-affiliated tenancy with lease commitments extending through November 2031. The remaining tenancy includes Millennium Physician Group and Northland Hearing Center, further diversifying the rent roll with established regional healthcare providers, with lease structures that closely mirror absolute net characteristics, as tenants pay association dues covering roof and structure, leaving the landlord responsible only for HVAC replacement.

The portfolio generates a net operating income of $2,563,255, with strong contractual annual rent escalations embedded throughout the leases, providing investors with consistent income growth and an effective hedge against inflation. Additionally, near-term contractual rent increases further enhance forward income, offering a compelling opportunity to acquire an asset with built-in NOI growth.

Located within one of the fastest-growing regions in the United States, Cape Coral and Fort Myers continue to experience significant population growth, driven by favorable demographics, in-migration trends, and an expanding retiree population. This sustained growth has resulted in increasing demand for outpatient healthcare services, particularly diagnostic imaging, positioning the portfolio to benefit from strong underlying market fundamentals and long-term healthcare demand drivers.

The combination of institutional-quality tenancy anchored by a publicly traded healthcare platform, passive absolute net lease structures, strong in-place and growing cash flow, and strategic positioning within a high-growth Florida market positions this portfolio as a rare opportunity to acquire a scaled, income-producing medical office investment with durable cash flow and long-term upside potential.

Investment highlights

  • 80,045 square foot, 8-asset medical office portfolio producing $2,563,255 in net operating income
  • Approximately 90% of the portfolio leased to Radiology Regional (RadNet-affiliated) via Treasure Coast Imaging Partners (TCIP)
  • Absolute net lease structures provide passive ownership with minimal landlord responsibilities
  • Weighted average lease term of approximately 5.47 years, with primary tenancy extending through November 2031
  • Strong contractual annual rent escalations provide consistent income growth and inflation protection
  • High-performing diagnostic imaging tenancy with long-standing operating history in the market
  • Strategically located throughout Cape Coral and Fort Myers, within one of the fastestgrowing MSAs in the United States
  • Positioned along major medical and commercial corridors including Cape Coral Parkway, Winkler Road, and U.S. Route 41
  • Proximity to leading healthcare systems including Lee Health and HCA Florida Healthcare
  • Dense surrounding population with significant in-migration and above-average senior demographics
  • Established outpatient healthcare corridor with strong physician presence and continued demand for imaging services
  • Excellent accessibility via Interstate 75 and major regional thoroughfares supporting patient convenience and tenant performance
  • Anchored by Radiology Regional, recently acquired by RadNet (NASDAQ: RDNT), a leading publicly traded imaging platform
  • RadNet operates over 400 locations nationwide and generates more than $1.1 billion in annual revenue
  • Acquisition reinforces long-term commitment to the Southwest Florida market and strengthens tenant profile
  • Built-in contractual rent escalations and forward NOI growth provide increasing cash flow visibility
  • High demand for outpatient imaging driven by aging population and continued population growth
  • Portfolio offers durable income backed by a scaled healthcare platform in a high-growth Sunbelt market

Listing Contacts

NM
PA PA RS322215
Zeustra Inc
Listed by Zeustra Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$2,563,255.00
$213,604.58/mo

Valuation Metrics

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DSCR
9%
Cap Rate
9%
ROI

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