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Fully Leased Medical Condos | Investment

2 Office/Medical Properties Offered at £3,603,180 in Naples, FL

Investment Highlights

  • 6% CAP Rate on a fully leased investment with a stable 5-year NNN leaseback agreement
  • Prime North Naples location with access from Vanderbilt Beach Road and Airport-Pulling Road N, near hospitals, Ritz-Carlton, Tiburón Golf Courses
  • Flexible design accommodates diverse medical uses, including Cardiology, Radiology, Neurosurgery, & Pain Management, ensuring long-term tenant appeal
  • Class A medical office condos totaling 7,971± SF, featuring a Level II Office Surgery Suite/OBL
  • Close to essential amenities such as Starbucks, Walgreens, CVS, and high-end dining, enhancing convenience for tenants and visitors

Executive Summary

CRE Consultants is pleased to offer the opportunity to acquire two fully leased medical office condos in a beautifully appointed Class A building with covered drop-off/pickup at 2350 Vanderbilt Beach Road, Suite 102 and Suite 303 in Naples, Florida (the “Property” or “Asset”). Suite 102 consists of 3,323± square feet, configured as a Level II Office Surgery Suite or Office-Based Lab (OBL) designed for minimally invasive procedures under fluoroscopy, supporting specialties such as invasive cardiology, vascular surgery, radiology, and interventional pain management. Suite 303 is a 4,648± square foot Class A medical office condo, equipped for medical patient care and administrative offices. Appraisal available upon request.
The Vascular Group of Naples, P.L., the current owner, will retain ownership of all furniture, fixtures, and equipment (FF&E). They will enter into a 5-year NNN leaseback agreement, with rent commencing on the closing date. The lease includes one 5-year renewal option under the same terms, at 95% of the prevailing fair market rental rate at the time of renewal.
This is a highly sought-after North Naples location with access from Vanderbilt Beach Road and Airport-Pulling Road N, near Hospitals, Ritz-Carlton and Tiburón Golf Courses and adjacent to Starbucks, Walgreens, CVS and more.
The property’s location and design make it an excellent fit for a wide range of medical uses, including Cardiology, Vascular, Radiology, Neurosurgery, and Pain Management, further increasing its flexibility and long-term appeal.

Property Facts

Price £3,603,180
Price / SF £459.18 / SF
Net Initial Yield 6%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 7,847 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
2350 Vanderbilt Beach Rd, 3rd Floor - Unit 303, Naples, FL 34109 Office/Medical Unit 4,237 SF 2008 -
2350 Vanderbilt Beach Rd, 1st Floor - Unit 102, Naples, FL 34109 Office/Medical Unit 3,610 SF 2008 -
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Amenities

  • Banking
  • Bus Route
  • Controlled Access
  • Restaurant
  • Listing ID: 34132115

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: Fully Leased Medical Condos | Investment, Naples, FL

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