Bought with 360 PERSPECTIVE PARTNERS
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1119 LAKELAND HILLS BLVD Lakeland, FL 33805
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Key Details
Sold Price $710,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,036 sqft
Price per Sqft $233
Subdivision Bon Air Add
MLS Listing ID L4932414
Sold Date 12/09/22
Construction Status Completed
HOA Y/N No
Year Built 1989
Annual Tax Amount $7,142
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 100x135
Property Sub-Type Office
Source Stellar MLS
Property Description
Fantastic Medical Investment Property at 8% Cap Rate! This 3,036 SF medical building on 0.31 acres is located in the heart of the Lakeland Medical District, across from Lakeland Regional Hospital. The tenant is Advanced Diagnostic Group, which is an Upright Open MRI clinic. Tenant has a 5 year initial lease term that started June 2015, but has two options to renew for 5 years each renewal period. They are in the first renewal period. Lease is a modified gross lease agreement.
Location
State FL
County Polk
Community Bon Air Add
Area 33805 - Lakeland / Gibsonia
Zoning C-2
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Spaces - 13 to 18, Ground Level
Utilities Available Public
Roof Type Membrane
Building
Lot Description City Limits, Sidewalk, Street Lights, Paved
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Others
Ownership Partnership
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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