$625,000

About This Property

A rare opportunity to purchase a 2,500 SF Waterford Construction medical office building in the 35 unit Lake Brandon Professional Park. Owners rarely sell in this park, with only two sales since 2019. Purchase as an investment or occupy Suite 1136 when the family doctor’s lease expires at the end of June 2022 and benefit from the rental income provided by Suite 1138. The tenant lease for 1138 Nikki View expires in February 2023, with two one-year renewal options. Suite 1138 is standard office but has plumbing stubbed within the walls for medical use. Suite 1136 has six office / exam rooms (2 currently have sinks), a waiting / reception area, break room (plumbing available for a sink), and one "accessible" restroom. Rent currently averages $22/SF modified gross among the two units. First come first serve parking is available in front and behind the building. One HVAC unit was replaced in 2018 and both suites received new paint, vinyl plank flooring and carpet within the last 18 months. This office park consistently sees low vacancy rates and is currently 1.2% vacant as of 8.17.21 (Source: CoStar). HART line bus stop only a 5 minute walk / 0.2 miles north. Just south of Causeway Boulevard. Selmon Expressway less than a mile north. I-75 less than 2.5 miles to the northwest. Brandon Regional Hospital is located 3.4 miles northeast and is a 438-bed acute care facility offering a number of services.

infoProperty Details

Property Type

Office

Year Built

2007

Living Area

2,500 sqft

Lot Size

0.06 acres

Bathrooms

0

Ownership

Corporation

Days on Market

3

List Date

Aug 17, 2021

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

BRIDGEWATER COMMERCIAL RE

813-541-4254

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