West Park Surgery Center | Highly Specialized 6640 78th Ave N 8,016 SF Office Building Pinellas Park, FL 33781 $6,175,000 ($770.33/SF) 6% Cap Rate

The subject property is leased to West Park Surgery Center, a part of Physician Partners of America (PPOA), under a long-term ~11.5 year NNN lease that minimizes landlord responsibilities. The lease includes very attractive 4% per year rent escalations, tenant responsibility for most major systems, and institutional guarantors, providing a reliable cash flow.
New ambulatory surgery centers are increasingly expensive to develop due to specialized construction, mechanical systems, and regulatory requirements. As an AAAHC accredited, fully operational facility, West Park Surgery Center offers an established asset with inherent replacement cost advantages.
The subject property is ideally situated in the Tampa Bay, FL area. The building is located in a high-demand suburban healthcare market, which benefits from a dense physician network, strong demographic trends, and growing outpatient procedure volumes. The tenant’s 20+ year operational history at this facility and their newly signed lease extension, make this property ideally suited for 1031 exchange/private investors who are interested in stable and predictable long-term returns.