CRE Consultants is pleased to offer the opportunity to acquire two fully leased medical office condos in a beautifully appointed Class A building with a covered drop-off/pickup area.
2350 Vanderbilt Beach Road, Suite 102 & Suite 303 are medical office condos located within Olympia Medical Park, constructed in 2008, and totaling 7,847± square feet. Suite 102 consists of 3,610± square foot that is being repositioned into a Class C outpatient ambulatory surgical center (“ASC”). A Class C surgical clinic provides major surgical procedures that require general or regional block anesthesia and support of vital bodily functions. Suite 303 is a 4,237± square foot Class A office condo.
The Assets are located in close proximity to supportive and complimentary facilities such as NCH North Naples Hospital and ProScan NCH Imaging. This corridor is the premier medical office location servicing Naples, the most affluent area of Southwest Florida.
Positioned in a core Naples location with immediate proximity to I-75 and US 41, the Assets are surrounded by a hub of world class medical research and healthcare providers. The immediate area consists of almost over 250,000 square foot of medical office, assisted living, skilled nursing, rehabilitation, and continuing care retirement, and senior housing facilities. Within a 1-mile radius of the property in the healthcare sector, there is minimal, if any, space available for lease. Additionally, situated between two Ritz-Carlton Resorts, the area is rich in amenities including entertainment, hotels, restaurants, and shopping destinations.
Other Tenants/Owners in the building include:
- Regenerative Institute of Medicine
- Millennium Physicians Group
- Shahla Medical Group
The Vascular Group of Naples P.L., the current owner, will retain ownership of all FF&E and will sign a 10-Year NNN lease back with an effective date of rent commencement as the day of closing. The lease features 3% annual increases throughout the renewal periods.