NET LEASE Medical Office Building FOR SALE

OVERVIEW: NET LEASE MEDICAL OFFICE BUILDING FOR SALE. Property is a two-story medical office building located next to Sarasota Memorial Hospital, just east of Tamiami Trail in Sarasota, Florida. The building contains a rentable area of 13,478 SF MOL, situated on a 41,306 MOL site.

OCCUPANCY: This is a NET LEASE opportunity with a single established medical group tenant. The property has been occupied by a medical practice since it was purchased in 2001. This is great opportunity for an investor looking for a stable, long term real estate investment.

PROPERTY DESCRIPTION: The buiding contains 13,478 SF of rentabke area on a 41,306 SF site. Improvements consist of a two-story concrete block building with two stairwells, an elevator and a flat roof. Many of the HVAC units have been replaced, parking lot has recently been repaved and striped and new landscaping installed. There is a paved parking lot with perimeter landscaping with two access drives on ajoining streets. The improvements are of average quality and very good condition.

INTERIOR: The building is divided into eight (8) suites of approximate equal size or four (4) units on each floor. Most of these units have been connected for the current use by the current medical office tenant. There are numerous exam rooms with plumbing, built-in cabinets and a Pharmacy with a temperature controlled negative pressure sealed room for medicine storage.

PARKING: There are 70 total parking spaces available, including parking on adjoining easements, or a parking ratio of 5.2 spaces per 1000 SF of rentable building area (1 space per 193 SF of rentable building area).

AREA DESCRIPTION: Property is in a fully developed area next to Sarasota Memorial Hospital. Surrounding uses include medical/office building and luxury residences in the immediate area and commercial/office uses along Tamiami Trail, east of the subject property.