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    8946 77th Terrace E
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    PRICED AT ONLY: $7,545,000

    Address: 8946 77th Terrace E, LAKEWOOD RANCH, FL 34202

    Description

    Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
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    • MLS#: A4688412 ( Commercial Sale )
    • Street Address: 8946 77th Terrace E
    • Viewed: 31
    • Price: $7,545,000
    • Price sqft: $938
    • Waterfront: No
    • Year Built: 2009
    • Bldg sqft: 8046
    • Days On Market: 38
    • Additional Information
    • Geolocation: 27.3995 / -82.4505
    • County: MANATEE
    • City: LAKEWOOD RANCH
    • Zipcode: 34202
    • Provided by: SVN COMMERCIAL ADVISORY GROUP
    • Contact: Tony Veldkamp, CCIM
    • 941-387-1200
    • mfrmls
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    Features
    Building and Construction
    • Covered Spaces: 0.00
    • Living Area: 8046.00
    Property Information
    • Property Condition: Completed
    Garage and Parking
    • Garage Spaces: 0.00
    • Open Parking Spaces: 0.00
    Utilities
    • Carport Spaces: 0.00
    • Cooling: Central Air
    • Road Frontage Type: City Street
    Finance and Tax Information
    • Home Owners Association Fee: 0.00
    • Insurance Expense: 0.00
    • Net Operating Income: 453418.00
    • Other Expense: 0.00
    • Tax Year: 2025
    Other Features
    • Country: US
    • Legal Description: UNITS 10-A-1, 10-B-1, 10-C-1, 10-D-1, 10-E-1, 10-F-1, 10-G-1, 10-H-1, 10-I-1, 10-J-1, 10-K-1, 10-L-1, 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI#
    • Area Major: 34202 - Bradenton/Lakewood Ranch/Lakewood Rch
    • Parcel Number: 1918552979
    • Views: 31
    • Zoning Code: PD-MU

    Contact Info

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