Ranch Lake Medical Office Building
8614 State Road 70 East
Bradenton, FL 34202
Highlights
- Incredible location at SR 70 & I-75 at the entrance to Lakewood Ranch
- Long-term net leases include three medical and one health-care related tenant.
- Incredible synergy with surround medical offices and Emergency Department
- High traffic location adjacent to a Walmart Supercenter
- By 2028 over 60% of the building has potential to increase rents based on Fair Market Value providing tremendous upside
- 5-year Proforma shows NOI increasing by over 40%
Description
Incredible office investment opportunity located just off of State Road 70 on Ranch Lake Boulevard in Bradenton Florida. This two story medical office building boasts four tenants, two of which have been long-term tenants and the first to occupy their suites. The building features Net leases for each of the four tenants with current expiration dates into 2028 and options to extend reaching far beyond.
Located behind the HCA Florida Freestanding Emergency department, this opportunity offers premium visibility and has been well maintained with beautiful flooring and light fixtures, marble check in counters, and an elevator for accessibility to the second floor. With the adjacent Walmart Supercenter this property has retail, high visibility exposure and traffic.
This incredible net-leased medical office investment opportunity is located on the State Road 70 corridor just east of Interstate 75 at the entrance into the Lakewood Ranch area. State Road 70 is a main East - West corridor across the width of Florida from Fort Pierce to Bradenton, bisecting Lakewood Ranch. This property has a premium location just off of Interstate 75, with great access west to Bradenton, east into Lakewood Ranch, north to St. Petersburg/Tampa and south to Sarasota. This property offers unparalleled accessibility in a premium retail / office space location.
