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Key Details
Sold Price $1,350,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,016 sqft
Price per Sqft $269
Subdivision Glen Echo Sub
MLS Listing ID L4933034
Sold Date 12/23/22
HOA Y/N No
Originating Board Stellar MLS
Year Built 1966
Annual Tax Amount $10,232
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 109.6x155
Property Description
Fantastic NNN Leased Medical Investment Property! The medical group for this property wishes to complete a Sale / Leaseback transaction. The NNN Lease has already been negotiated and is complete. The building is Class A medical build out for Women's Imaging Center. The tenant is affiliation with Lakeland Regional and RIS. The building is two story with offices on the second floor. First floor is medical build out. Building is located in the Lakeland Medical District near the Hospital and Watson Clinic on the Northside of Lakeland with easy access to Interstate 4. Property is on 0.71 acres and has 53 parking spaces. First floor is comprised of 5 restrooms, a private office, 3 waiting room areas, Kitchenette, dressing rooms, 8 exam rooms, storage closets, etc. The second floor is accessible by two interior stair cases. There are 6 offices and a restroom with shower on the second floor. NNN Lease terms: Lease start September 1, 2022, 5 year initial lease with two 5 year renewal options. $97,788.60 annual rent payment plus sales tax. Rent increases of 3% annually on February 1st of each year.
Location
State FL
County Polk
Community Glen Echo Sub
Zoning O-1
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Exterior
Parking Features Ground Level, Over 30 Spaces
Utilities Available Public, Water Connected
Roof Type Shingle
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Brick, Stucco
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash, Conventional, Lease Back
Listing Terms Cash, Conventional, Lease Back
Special Listing Condition None
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Bought with 360 PERSPECTIVE PARTNERS