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MaxHealth Ellenton 7915 US Hwy 301 N 29,465 SF 100% Leased Office Building Ellenton, FL 34222 $11,006,953 ($373.56/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Beautiful two-story, multi-tenant, net-leased office building located along the high traffic US-301 corridor in the rapidlygrowing “North River” (Ellenton-Parrish-Palmetto) submarket. This area of northern Manatee County has experienced an explosion in residential development in recent years, with thousands of new homes constructed and a notable shortage of available office space to meet the demand. The current owner acquired the property in 2018 when several units were still vacant and in shell condition, while the building’s largest tenant, Eye Associates, has been in the building since it was constructed in 2006. Since the acquisition, all of the remaining spaces have been fully built out and leased. The building now generates strong net income, with all but one of the tenants being medical or medical-related. A beautiful building, with a strong tenant mix in an excellent indemand area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
29,465 SF
Building Class
B
Year Built
2007
Price
$11,006,953
Price Per SF
$373.56
Cap Rate
6%
NOI
$660,417
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,733 SF
Slab To Slab
10’
Zoning
PDO
Parking
165 Spaces (5.6 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 8263-0005-9 | Improvements Assessment | $3,622,617 |
| Land Assessment | $1,458,953 | Total Assessment | $5,081,570 |
PROPERTY TAXES
Parcel Number
8263-0005-9
Land Assessment
$1,458,953
Improvements Assessment
$3,622,617
Total Assessment
$5,081,570
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MaxHealth Ellenton | 7915 US Hwy 301 N
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