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Tampa, FL - SimonMed Imaging

$5,554,000

14302 Bruce B. Downs Boulevard, Tampa, FL 33613

Active
Last Updated: 06/10/2025

5.75

Cap Rate

319,331

NOI

Details:
Cap Rate:    5.75%
NOI:    $319,331
Building Size:    11,900 sqft
Lot Area:    1.51 acres
Year Built:    1972
Zoning:    Commercial
Description:

• The tenant has operated at this location since 2017 and has 9 years remaining on their lease
• The lease features 2.5% annual rental increases throughout the term, generating additional NOI and hedging against inflation
• SimonMed is one of the largest outpatient medical imaging providers and radiology practices in the United States
• SimonMed has approximately 170 sites across 11 states and over 200 subspecialty-trained radiologists

• The asset is fronting Bruce B Downs Blvd (51,500 VPD), a major north-south thoroughfare in Tampa, Florida, extending into Pasco County. It serves as a vital connector between neighborhoods like New Tampa and Wesley Chapel, and is designated as County Road 581 (CR 581) in Hillsborough County and State Road 581 (SR 581) in Pasco County
• Just North of USF (48,000-students)
• Just up the road from University Plaza, which ranks in the 87th percentile of all nationwide community shopping centers via Placer.ai
• Just North of AdventHealth Tampa, providing a consumer base from which to draw

Map:
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Today's Available Mortgage Rates

143 North Reno Street, Los Angeles, California 90026

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/28/2025
AgencyLender #592
5 Year Fixed
30 Year Amortization
Interest rate 5.82% 5 Year Fixed
Mo. Payment$6,627 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $10,000 Lender fees
Loan Amount $1,127,000 Loan Amount
AgencyLender #592
7 Year Fixed
30 Year Amortization
Interest rate 5.83% 7 Year Fixed
Mo. Payment$6,634 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $10,000 Lender fees
Loan Amount $1,127,000 Loan Amount
AgencyLender #592
10 Year Fixed
30 Year Amortization
Interest rate 5.91% 10 Year Fixed
Mo. Payment$6,692 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $10,000 Lender fees
Loan Amount $1,127,000 Loan Amount
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