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Bartow Medical Office Building 2020 Flamingo Dr 6,381 SF Office Building Bartow, FL 33830 $1,850,000 ($289.92/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New Roof to be installed at Occupancy
- Single Tenant or Two Tenant Layout proposed - See Matterport Layout
- 9 Exam Rooms with sinks | 5 Private Offices | Blood Laboratories | 2 Nurse Stations | Large Waiting Area
- Other Possible uses include Charter School, Daycare, Legal or Insurance Offices
- Class " A " 2nd Generation Medical Building with extensive medical related renovations
- Break Rooms | Large Training Room | 4 Restrooms | 2 Storage Rooms.
EXECUTIVE SUMMARY
A stable, long-term investment opportunity: This medical office building, leased to a national corporate tenant under a new 7-year NNN lease, is located on a 0.95-acre lot near Bartow Regional Medical Center and Watson Clinic. The property features a strong initial NOI with rent escalations and renewal options, and recent capital improvements (approx. $300k in tenant improvements) including a new roof, HVAC systems, fire suppression system, and alarm system.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,381 SF
Building Class
C
Year Built/Renovated
1980/2012
Price
$1,850,000
Price Per SF
$289.92
Cap Rate
6.25%
NOI
$115,625
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,381 SF
Building FAR
0.15
Lot Size
0.95 AC
Zoning
Commercial
Parking
25 Spaces (5.33 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Natural Light
- Partitioned Offices
- Reception
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 25-30-04-364500-008090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $534,959 |
PROPERTY TAXES
Parcel Number
25-30-04-364500-008090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$534,959
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Bartow Medical Office Building | 2020 Flamingo Dr
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