For Sale | Westwood Towers Medical Center

$4,960,000

2809 Southwest Stonegate Terrace, Lake City, FL 32024

For Sale

Office Building

Active

Last Updated: 05/03/2022

Details:

Cap Rate: 6.8%

NOI: $337,057

Building Size: 18,404 sqft

Lot Area: 2.07 acres

Year Built: 2007

Price Per Sqft: $269.51

Highlights:

100% Occupied Medical Office Building With Five (5) Tenants Located Within “The Gateway to Florida”
Highly Specialized Tenants Provide For a Secure Investment
Opportunity For Upside Via Converting Two of the Leases to Triple Net (NNN)
The Center is Anchored By Cancer Care and Urology of North Florida, Which is Lake City’s Leading Oncologist Group
Internet, Recession and Pandemic Proof Tenants
Tenants All Require Expensive Build-Outs and Specific Equipment, Making Relocation Costly and Unlikely
Center is Situated 1-Mile From Interstate 75 Which Sees Over 45,673 VPD
Annual Population Increases Projected to Continue to Be Well Over the National Average
Nearby Tenants Include: Subway, Goodwill, Family Dollar, Dollar General, Dick’s Sporting Goods, IHOP, Chick-fil-A, Olive Garden and More

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 18,404 SF Westwood Towers Medical Center Located 2809 SW Stonegate Terrace in Lake City, Florida. This Deal Includes a 100% Occupied Medical Center With 5 High Quality Tenants, Providing For a Secure Investment.

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