FL
Manatee
LAKEWOOD RANCH
34202
8946 77TH E TERRACE
8946 77TH E TERRACE, LAKEWOOD RANCH, FL 34202
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Listing Type
Commercial/Industrial
Listing Status
Active
11
$7,545,000

Home Details for 8946 77TH E TERRACE

Price
$7,545,000
Type
Commercial Sale
Square feet
9046
Year built
2009
Lot size acres
0.18
County
Manatee
MLS Listing#
A4688412
Property Description

Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.

Property Features
  • Cooling Information
    • Central Air
Listing Courtesy: SVN COMMERCIAL ADVISORY GROUP - 941-387-1200
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Last Updated: 2026-04-01 15:43:03
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EXIT REALTY 4CORNERS
49503 Hwy 27 Unit B, Davenport, FL 33897
Kregg Smith
License #: BK3302418
License #: 10301223973
Associate Broker
Office
863 344 3948
Agent
607 235 6515
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