$704,700
Description
Fantastic Medical Investment Property at 8% Cap Rate! This 3,036 SF medical building on 0.31 acres is located in the heart of the Lakeland Medical District, across from Lakeland Regional Hospital. The tenant is Advanced Diagnostic Group, which is an Upright Open MRI clinic. Tenant has a 5 year initial lease term that started June 2015, but has two options to renew for 5 years each renewal period. They are in the first renewal period. Lease is a modified gross lease agreement.
Listed by Brett Vogeler, .
Property Highlights
- Acres: 0.31
- County: Polk
- Year Built: 1989
- Property Type: Commercial, Office
- MLS #: L4932414
Property Features
| Direction Faces | West |
| Interior Square Footage | 3,036 |
| Lot Size Acres | 0.31 |
| Lot Size Dimension | 100x135 |
| Lot Size Square Feet | 13,499 |
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