8946 77TH TERRACE

LAKEWOOD RANCH, FL 34202

Listing courtesy of SVN COMMERCIAL ADVISORY GROUP · MLS# A4688412

$6,440,000

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Property Details

Building size

8,046 sq ft

Lot size

8,046 sq ft lot

Zoning

PD-MU

MLS#

A4688412

Listed

April 1, 2026

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 $38,918.45, 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 7.25% cap rate, generating $467,021.45 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.

Facts & Costs

Property type: Office
Building size: 8,046 sq ft
Zoning: PD-MU
Road frontage: City Street
Year built: 2009
Lot size: 8,046 sq ft
Price per sq ft: $800
Days on market: 184
Waterfront: No
Subdivision: PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10
County: Manatee
Flood zone: X

Monthly & yearly costs

Property taxes: $23,562 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Cooling: Central Air
Construction: Stucco

Payment Estimate

$34,528 / month

Principal & interest: $32,564
Property taxes: $1,964
HOA: $0
Home insurance: enter below

Down payment (20%)$1,288,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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