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616 E St
Clearwater, FL 33756
BayCare Medical Group & SCA Health · Office Property For Sale
Investment Highlights
- 100% leased to Bay Care Medical Group, Inc (Credit rating Aa) and SCA Health, West Coast Endoscopy & Ambulatory Surgery Center (Credit rating A3)
- SCA Health/West Coast Endoscopy has been at this location for over 23 years; SCA is an accredited Ambulatory Surgery Center
- Limited landlord responsibilities, providing a passive stabilized investment featuring two of the Tampa Bay Area’s top healthcare operators
- Brand new, state-of-the-art build out for Bay Care’s suite is near completion and there are over 9 years of NNN term remaining
- Both leases have 2% annual rent increases which equates to a 7.43% average total return over a ten year holding period (see cash flow model on page 8)
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
11,555 SF
Building Class
B
Year Built/Renovated
1984/2020
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,555 SF
Building FAR
0.28
Lot Size
0.95 AC
Zoning
IRT - Industrial/Research
Parking
70 Spaces (6.06 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Kitchen
- High Ceilings
- Reception
- Shower Facilities
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 21-29-15-06462-009-0090 | Improvements Assessment | $835,499 |
| Land Assessment | $149,501 | Total Assessment | $985,000 |
Property Taxes
Parcel Number
21-29-15-06462-009-0090
Land Assessment
$149,501
Improvements Assessment
$835,499
Total Assessment
$985,000
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