Sun City Medical & Professional Bldg | 1601 Rickenbacker Dr
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Sun City Medical & Professional Bldg 1601 Rickenbacker Dr
9,342 SF 97% Leased Office Building Sun City Center, FL 33573 £2,612,154 (£280/SF) 6.50% Net Initial Yield
Investment Highlights
- This property is 97.5% occupied by eight tenants with one 236 SF unit vacant
- This property has a 5-year Levered IRR in the high teens, providing upside to potential investors in the near future
- Sun City Center was voted the #1 Retirement Community in 2024 by Realtor.com and Travel and Leisure Magazine
- Six of the eight tenants have NNN leases which provides stable cash flow and minimal landlord responsibilities
- The asset is located on Sun City Center Blvd, a primary thoroughfare in Sun City Center, FL with an AADT of 43,500
- 50,818 population within a 3-mile radius
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,342 SF
Building Class
B
Year Built
1966
Price
£2,612,154
Price Per SF
£280
Net Initial Yield
6.50%
NOI
£169,807
Percent Leased
97%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,342 SF
Building FAR
0.20
Lot Size
1.05 AC
Zoning
CG - Medical Office
Parking
34 Spaces (3.64 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Suspended Ceilings
- Outdoor Seating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 10
- 236 SF
- Office/Medical
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 10 | 236 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 10
| Size |
| 236 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | U-12-32-19-ZZZ-000001-78370.0 | Improvements Assessment | £1,071,854 |
| Land Assessment | £270,255 | Total Assessment | £1,342,109 |
PROPERTY TAXES
Parcel Number
U-12-32-19-ZZZ-000001-78370.0
Land Assessment
£270,255
Improvements Assessment
£1,071,854
Total Assessment
£1,342,109
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Sun City Medical & Professional Bldg | 1601 Rickenbacker Dr
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