Class A MOB - Venice, FL
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 3,500,000.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 18,078
Date Available 03/28/2019
Additional URL Link
Parking 74
Floors 3
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Description

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.

Sale
Excellent Investment Opportunity with stable below market NNN cash flow opportunity. Freestanding Class "A" Medical property leased by Sarasota Memorial Hospital (SMH), Sarasota Orthopedic Associates (SOA), and Advanced Neurological Diagnostics. Extremely well-constructed concrete structure with high impact windows and a canopy-covered drop-off and pick up entry. Proximity to I-75 is perfect for practices with a regional client base. Easy access to new hospitals under construction.

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.

https://www.veniceregional.com/replacement-hospital
https://www.smh.com/Home/News-Events/Venice-Hospital-Updates/Venice-Update/coming-soon-sarasota-memorial-hospital-venice


Lease
Class "A" quality building located off I-75 and Jacaranda Blvd. Perfect for medical use with the property situated between the recently approved new locations for Sarasota Memorial and Venice Regional Hospitals. Top floor is 4,993 sf unit has 12 expansive offices complete with spacious conference room, ADA compliant restrooms, and full-sized kitchen/break room leading to a large outside terrace. Additional 1,312 sf available has a built in reception area and perfect for smaller medical practice. Remaining space is occupied by Sarasota Orthopedics Associates which guarantees consistent daily traffic to the property.

Tenant improvement allowance provided, subject to negotiation.

Location