Venice Medical Office off I-75 and Jacaranda

435 Commercial Court
Venice, FL 34292
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Sale Overview

Price:$2,700,000
Building Size:18,078 SF
Property Type:Office
Lot Size:55,160 SF
Year Built:2007
Cap Rate:7.05%
NOI:$190,412

Highlights

  • Excellent Investment or Owner/User Opportunity
  • Owner financing available
  • 65% NNN Lease to Sarasota Orthopedics Associates
  • 5 Years Remaining with Step Up Annual Escalations
  • Well Built Concrete Structure with High Impact Windows
  • I-75 Visibility and Quick access
  • Covered Drop off and Pick up Entry

Description

Stable cash flow opportunity for owner/user or investor. Free standing Class "A" Medical property with 65% leased to Sarasota Orthopedic Associates. Very well constructed building with a canopy covered drop off and pick up entry. Proximity to I-75 is perfect for practices with a regional client base. The vacant 3rd floor is completely built out and ready for immediate occupancy.

Location

I-75 exposure on the Jacaranda Interchange. Immediate area consists of 3 quality brand hotels, Wawa Gas Station, McDonald's, Cracker Barrel, various other restaurants and offices next door. Two (2) hospital projects underway - Sarasota Memorial Hospital at Southwest corner of Laurel Road and Interstate 75 and Venice Regional Bayfront Health - Jacaranda Boulevard and East Venice Avenue along with several hundred residential rooftops.

Contact Broker

SquareGail Bowden
Senior Commercial Real Estate Advisor
gailbowden@michaelsaunders.com
(C) 941.223.1525
(O) 941.525.8283
(F) 941.552.5216
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Documents


Website file type buildoutOffering Memorandum
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