Property details
NN Florida Condo Surgery Center, Southeast Region
Property Description
Located in an Income Tax Free State! 
NN Florida Condo Surgery Center
Renovated in 2021 - New HVAC
Taxes / CAM / Insurance: Tenant & Landlord
Roof / Structure: Condo Association / landlord
Lease Expiration: 8/31/2028
Annual 3.00% Increases!
There is 1 option to renew for 5 years
Cost Prohibitive to Move
The Tenant cost is over $600 PSF to Build
The Tenant owns the Adjacent Hospital!
Lease to commenced September 1, 2021
Sale Includes The Entire 4th Floor of the Building
The Tenant Bought Out the Previous Operator in 2020
Dense Surrounding Population
Major Hospital is less than .25 miles away
Exceptional opportunity to acquire an AAAHC accredited Ambulatory Surgical Center located in a prime medical building with easy access to a manor freeway.
This well-designed 9002 SF center has two (2) spacious operating rooms, none (9) bed recovery areas, a waiting room, a consult-room and offices
This Surgery Center has been at the same location since 2001.
13 parking spaces are assigned to the Surgery Center per the Condo Association
Providing additional parking through valet services for tenants and guests
Condo Fees are paid by the Landlord Monthly, however, they are a part of the CAM changes. The tenant is responsible for the increase in allocation condo association operation expenses to the unit compared to the buildings operations expenses in 2002 as allocated to the unit.
Taxes: The 2002 base year amount was $19,136.25.
Medical - Healthcare For Sale
Images
Highlights
- Status:
- Available
- Price:
- $3,975,000
- PSF:
- $442
- Cap Rate:
- 5.92%
- Annual Rent:
- $235,220
- Rent Increases:
- Annual 3.00% Increases!
Property Information
- Building Size:
- 9,002 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Medical - Healthcare
- Units/Spaces:
- 1
- Year Built:
- 1985
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- NN Florida Condo Surgery Center
- Lease Type:
- NN
- Lease Expiration:
- 08/31/2028
- Lease Remaining:
- 4.4 years
- Landlord Responsibilities:
- NN
- Options:
- There is 1 option to renew for 5 years
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.