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8946 77th Ter
For Sale $6,975,000 ($866.89 per Sq Ft)
$6,975,000 ($866.89 per Sq Ft)
- Units
- 8,046 Sq Ft
- 8,046 Sq Ft
- Unknown Cap Rate
Description
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity.
The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6.5% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure.
The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy.
The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services.
Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $6,975,000 |
| Property Type | Office |
| Usable Sqft | 8,046 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2009 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 1918552979 |
| MLS # | A4688412 |
| Property ID | 322719412 |
| Lot Sqft | 8,046 |
| Zoning | PD-MU |
| Days on Market | 100 |
| Original List Price | $7,545,000 |
| Date Updated | May 22, 2026 |
| Date Created | April 01, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Tony Veldkamp, CCIM an agent of . Lic #576074
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of May 22, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT