$1,499,000
Description
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.Property Highlights
- Acres: 3.69
- County: Pinellas
- Year Built: 2006
- Property Type: Commercial, Office
- MLS #: U8156562
Property Features
| Interior Square Footage | 5,410 |
| Lot Size Acres | 3.69 |
| Lot Size Square Feet | 160,601 |