Property
ActiveCommercial
1/11
$6,975,000

8946 77TH TERRACE

Lakewood Ranch, FL 34202
0
Beds
0
Baths
8,046
SqFt
0.18
Acres
STELLAR
#A4688412
Updated: May 22, 2026, 11:53am

Property 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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Property Details

Interior
Building Area Total
8046
Cooling
Central Air
Living Area
8046
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Stucco
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Property Condition
Completed
Year Built
2009
Site & Exterior
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.18
Lot Size Area
8046
Lot Size Square Feet
8046
Lot Size Units
Square Feet
Number Of Lots
Yes
Public Survey Range
18
Public Survey Section
36
Road Frontage Type
City Street
Road Surface Type
Asphalt
Total Acreage
0 to less than 1/4
Zoning
PD-MU
Financials
Calculated List Price By Calculated Sq Ft
866.89
Contract Status Change Date
2026-04-01
Current Price
6975000
Feed Types
BBO
Owner Name
LAKEWOOD RANCH ONCOLOGY HOLDING LLC
Ownership
Fee Simple
Parcel Number
1918552979
Public Survey Township
35
Tax Annual Amount
23562
Tax Legal Description
UNITS 10-A-1, 10-B-1, 10-C-1, 10-D-1, 10-E-1, 10-F-1, 10-G-1, 10-H-1, 10-I-1, 10-J-1, 10-K-1, 10-L-1, 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI#
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Subdivision Name
PROFESSIONAL CENTER AT LAKEWOOD R 89&10
Listing provided courtesy of STELLAR via IDX. Updated: May 22, 2026, 11:53am.
Tony Veldkamp, CCIM

Listing Agent

SVN COMMERCIAL ADVISORY GROUP

Call Agent