1345 36th St - Medical FOR SALE


Vero Beach, FL 32960
$4,225,000 USD
772-633-5640
1345 36th St, Vero Beach, FL for Sale
$4,225,000 USD
Medical - FOR SALE
1/6
null | 6.95% Cap Rate

1345 36th St
Vero Beach, FL 32960


HIGHLIGHTS

  • Stable Anchor Tenancy 100% Occupied
  • Adjacent to the Cleveland Clinic Indian River Hospital
  • Mitigated Backfill Risk
  • Strong Demographics & Growth

OVERVIEW

The Kite Team is pleased to offer qualified investors the opportunity to purchase fee-simple interest in a modern 12,886 SF multi-tenant medical office building located at 1345 36th Street, Vero Beach, FL. Sitting on 1.2 AC, this Property is currently 100% occupied by four medical office tenants: Biobalance, Wyderski Health, Bendcare, and Premier Physical Therapy. Biobalance and Wyderski Health currently have 5 years of lease term remaining with attractive 3% annual rental escalations. The medical office building is also occupied by Bendcare and Premier Physical Therapy, two highly respected medical related tenants who occupy recently renovated suites with long term leases.

FOR SALE DETAILS

PRICE

$4,225,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

Med

APN/PARCEL ID

32-39-35-00016-0000-00000.2

ASK ABOUT THIS PROPERTY

Kollin Kite, CCIMKite Properties LLCMore Info
772-633-5640

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Kollin Kite, CCIMKite Properties LLCMore Info
772-633-5640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.