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Bee Ridge Medical Plaza 5432 Bee Ridge Rd 14,553 SF 100% Leased Office Building Sarasota, FL 34233 $5,460,000 ($375.18/SF) 4.50% Cap Rate
Investment Highlights
- Bee Ridge front medical office space. Location is very close to HCA Doctor's Hospital. Private entrances to 3 of the largest office spaces.
Executive Summary
Prime investment opportunity for a fully leased medical building located 1/3 miles from HCA Doctor's Hospital and the Bee Ridge I-75 Interchange. The property and the building's pylon sign fronts directly on a busy main arterial with a traffic count of approx. 39,500 cars per day. Recent improvements to the property include a new roof & parking lot. Excellent tenant mix with all leases at the current market lease rate. The lot has 200' of frontage on Bee Ridge Road, and a depth of 280'.
This property would be ideal for a doctor for their practice office and to serve as an owner/property manager.
This property would be ideal for a doctor for their practice office and to serve as an owner/property manager.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,553 SF
Building Class
B
Year Built/Renovated
1981/2002
Price
$5,460,000
Price Per SF
$375.18
Cap Rate
4.50%
NOI
$245,855
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,553 SF
Building FAR
0.26
Lot Size
1.29 AC
Zoning
OPI - Office Professional Institutional
Parking
77 Spaces (5.29 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Fenced Lot
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Property Taxes
| Parcel Number | 0066-04-0105 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,178,560 |
Property Taxes
Parcel Number
0066-04-0105
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,178,560
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Legacy Property Services
Bee Ridge Medical Plaza | 5432 Bee Ridge Rd
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