Listed by KW Commercial Phoenix/Glendale-Peoria
$2,654,000
Medical Office Building Across From Hospital - 100% Leased
Details
Property Type Office
Sub Type Medical Office
Square Footage 7,873
Cap Rate 7.00%
NOI $185,788
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 7
Rent Bumps Yes
Price per SqFt $337
Class B
Year Built 2007
Acreage 1.000
Zoning Professional
Investment Type Net Lease
Office | 7.00% CAP | 7,873 SqFt
Marketing description
Amazing opportunity to own a 100% leased Medical Office building across from Desoto Memorial Hospital (affiliated with Tampa General). Both tenants signed 7-yr. leases expiring in 2030 and 2031. Both have annual rent bumps with the longest tenant occupying 2/3rds of the space. Hurry as this simple, clean deal won't last.
Investment highlights
- 7,873 RSF built in 2007
- NOI $185,787.51 with annual bumps
- 7-yr leases with 4 & 5 years remaining
- Leases are NNN - LL Roof/Structure only
- Recession Proof Medical Office
- Across from Desoto Memorial Hospital (affiliated with Tampa General)
Listing Contacts
Listed by KW Commercial Phoenix/Glendale-Peoria
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,787.51
$15,482.29/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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