$1,405,000

About This Property

Fully leased medical investment property. Free standing building 100% leased to BayCare Medical Group, Inc. a wholly owned subsidiary of BayCare Health System. Tenant has been at this location since 2006. They recently upgraded the building showing a strong commitment to the property. The lease term has approximately 42 months remaining and the tenant has no options to renew providing a buyer with strong upside. Very rare north Pinellas County medical investment property. Opportunity to acquire a commercial real estate investment with a tenant that is internet and pandemic resistant. Current below market rental rate provides significant financial upside. Extremely tight market with significant barriers to entry for new commercial construction. Above market parking ratio and easy access from fully signalized intersection of Tampa Road and Pine Avenue.

infoProperty Details

Property Type

Office

Year Built

2006

Living Area

5,410 sqft

Lot Size

3.69 acres

Bathrooms

0

Ownership

Corporation

Days on Market

18

List Date

Mar 25, 2022

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

KLEIN & HEUCHAN INC REALTY

727-441-1951