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2701 W St Isabel St 6,987 SF Office Building Tampa, FL 33607 $3,250,000 ($465.15/SF) 5.94% Cap Rate
Investment Highlights
- Credit rated tenant in United Healthcare Group (UHG)
- High-end medical buildout performed specifically for tenant (build-to-suit)
- Below market contractual rent (positive leasehold interest)
- NNN lease with new 5-year initial term and 5-year option beginning January 2026
- Close proximity to two major hospitals
- Vaulted retention and adequate covered parking
Executive Summary
The building features 38 dedicated parking spaces, including 19 covered spaces, which is a meaningful advantage for a medical operation with regular patient flow and staff traffic. Inside, the first-floor lobby is finished with ceramic tile, crown molding, recessed lighting, and a dropped acoustical ceiling, creating a professional presence for visitors. With its credit rated tenant (United Healthcare Group), strong location, modern construction/buildout and ample covered parking, this property positions an investor to capture stable cash flow from medical tenancy while retaining opportunities for future upside (below mkt. rent).
This property offers a rare opportunity for stable, long-term cash flow — it is fully leased and occupied by a well-established medical provider, WellMed a division of United Healthcare Group (UHG). Credit rated tenant just executed a 5-year lease with 5-year option after occupying building for its 1st 10 years as only occupant after high grade medical purpose buildout.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
WellMed is a physician-led healthcare organization focused on delivering proactive and preventive primary care, primarily serving older adults. Founded in 1990, the group has grown from a single San Antonio clinic into a large network of clinicians providing coordinated medical services to senior populations. With an emphasis on chronic disease management and whole-patient wellness, WellMed offers services that include general primary care, disease management, palliative care, and specialty coordination. The organization’s care model is structured around prevention, long-term health planning, and patient education. Today, WellMed operates across Texas and Florida and supports more than one million older adults through thousands of affiliated providers, clinics, and care partners. As part of a broader health network, WellMed’s mission centers on helping patients stay healthy, reducing hospitalizations, and improving quality of life through consistent, comprehensive medical care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | A-10-29-18-3IV-000000-00043.0 | Improvements Assessment | $1,932,600 |
| Land Assessment | $100 | Total Assessment | $1,932,700 |
Property Taxes
Presented by
2701 W St Isabel St
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