Fully Leased Medical Office Space Near On Tuttle
$3,450,000
1630 S Tuttle Ave, Sarasota, FL 34239
7,829 sqft
Building Size
0.8832 acres
Lot Area
Details:
Highlights:
- Triple Net Medical Sale Lease Back
- Long Standing Sarasota Medical Tenants
- Five year term at market rate
- 6.81% CAP rate/$234,870 yearly income with increases
- Near SMH and Downtown Sarasota
- Excellent 1031 or Passive Income Opportunity
Description:
Nestled in the prime Sarasota area, this impeccably renovated 7,829 SF building presents a turnkey investment opportunity. Boasting high-end interior finishes, the property features a versatile layout with 14 fully-equipped exam rooms, an updated X-ray room, seven private staff offices, a spacious gym and PT area, and a gorgeous waiting area with dual reception desks. With hurricane-proof construction for added safety and a 100% occupancy rate, this property offers a strong investment potential in a dynamic market. Leased by two medical professionals on a five-year triple net lease at a lease rate of $30/ft triple net, it's a secure and attractive opportunity not to be missed.
Discover the vibrant surroundings of the property in Sarasota, FL. Situated in a thriving area, this location offers convenient access to world-class cultural attractions, exquisite dining experiences, and stunning waterfront views. Just moments away, the bustling downtown district provides a dynamic mix of shops and entertainment venues, while the picturesque Sarasota Bay offers a tranquil escape for daily strolls. Nearby, the Ringling Museum of Art, Marina Jack, and iconic St. Armands Circle present endless opportunities for recreation and leisure. With a perfect blend of business and pleasure, the area surrounding the property in Sarasota is an ideal destination for discerning office investors and tenants seeking a dynamic and inspired work-life balance.
Documents:
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Location
Gallery
