$2,000,000
$1,999,999
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1305 LAKELAND HILLS BLVD Lakeland, FL 33805
6,634 SqFt
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,634 sqft
Price per Sqft $301
Subdivision Lakeland Hills Medical Arts A Condo
MLS Listing ID L4933107
Sold Date 12/09/22
HOA Y/N No
Originating Board Stellar MLS
Year Built 1985
Annual Tax Amount $3,720
Lot Size 0.700 Acres
Acres 0.7
Property Description
Fantastic NNN Leased Medical Investment Property! The medical group for this property wishes to complete a Sale / Leaseback transaction. The NNN Lease has already been negotiated and is complete. The building is Class A medical build out for a Radiology Clinic partnership between Lakeland Regional Health and Radiology and Imaging Specialists. The tenant is affiliation with Lakeland Regional and RIS. The building is one story medical office. Building was originally established as a medical condominium of 4 condos, but property owner owns all units and common area. Building is located in the Lakeland Medical District across the street from Lakeland Regional Hospital on the Northside of Lakeland with easy access to Interstate 4. Property is on 0.7023 acres and has 39 parking spaces, but the adjacent parcel is owned by Lakeland Regional Health and is used for additional parking. Medical build out is comprised of a large lobby, 6 dressing rooms, 6 restrooms, a private office, 3 waiting room areas, Kitchenette, dressing rooms, 3 exam rooms, 3 MRI rooms with control rooms, storage closets, etc. NNN Lease terms: Lease start September 1, 2022, 5 year initial lease with two 5 year renewal options. $126,709.40 annual rent payment plus sales tax. Rent increases of 3% annually on February 1st of each year.
Location
State FL
County Polk
Community Lakeland Hills Medical Arts A Condo
Zoning O-1
Interior
Cooling Central Air
Flooring Ceramic Tile
Exterior
Parking Features Over 30 Spaces
Utilities Available Public, Water Connected
Building
Lot Description Corner Lot, City Limits, Oversized Lot
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with 360 PERSPECTIVE PARTNERS
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