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32195101
32195102

2902 59th St W, Bradenton, FL 34209 For Sale

AV
FL BK3026434
Gulf Coast Commercial Group
Listed by Gulf Coast Commercial Group
$7,500,000
80 days on market
Updated 47 days ago

Parkside Medical

Details
Property Type Office
Sub Type Medical Office
Square Footage 30,189
Net Rentable (SqFt) 29,749
Units 12
Cap Rate 5.73%
NOI $430,362
Occupancy 92%
Tenancy Multi
Lease Type NNN
Class B
Year Built 1987
Year Renovated 2019
Buildings 1
Stories 1
Acreage 3.350
Parking Spaces 175 spaces
Parking per 1,000 SqFt 5.80
Investment Type Net Lease

Office | 5.73% CAP | 30,189 SqFt

Marketing description

Parkside Medical is West Bradenton's Premier Medical Community. Ideally Located on 59th Street West just a half a mile South of HCA Blake Hospital.

Parkside Medical has been the home to many of Bradenton's long standing well established Medical Practices. Tenant Mix includes Surgery Centers, Labcorp, Oral Surgeon, Neurology, Women's Care, Dental, Primary Care, and much more. This park is only occupied by medical providers and is currently 92% full! Parkside Medical's ideal location, spacious open surface parking lot, and well maintained building have made this plaza a highly desirable tenant location. On average most tenants have remained at this location for more than 15 years.

NNN Leases in place with upside income potential. Owners have a well established property management company in place. Interior suites renovated throughout the property with the entire exterior of buildings facade being modernized in 2019 and all common areas received fresh new finishes.

Parkside offers covered and private back entries to all suites. Each tenant is offered a covered parking space behind the building.

Highly Desirable Location! 59th Street West is home to HCA Florida Blake Hospital, Pointe West Medical Area, Blake Park, Coast Orthopedic West, Tanglewood Professional Park, and many more.

Our Award Wining Gulf Beach are 7 miles West, World renowned IMG Academy is 10 miles South, SeaFlower the 1,200 acre mixed use new development project only 7 miles Southwest, Parkside is ideally located to service North and South West Bradenton community!

Investment highlights

  • Located along West Bradentons Medical Community and only a Half Mile from HCA Blake Hospital
  • Occupancy at 92%
  • Well Established and Long Standing Medical Tenant Mix
  • 3.45 Acres with 30,000+/- Square Feet of All Medical Suites
  • Entire property has received upgrades including exterior facade
  • NNN Leases

Listing Contacts

AV
FL BK3026434
Gulf Coast Commercial Group
Listed by Gulf Coast Commercial Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$430,361.88
$35,863.49/mo

Valuation Metrics

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DSCR
5.74%
Cap Rate
5.74%
ROI

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