924 Cypress Vlg Blvd Ruskin, FL 33573-6829

Property Details for 924 Cypress Vlg Blvd

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 lot acres

Property size

5,321 SF

Zone code

PD

Property type

Medical offices

Property subtype

Medical centers

APN

U0232199GO000000000040

APU

U0232199GO000000000040

Description

This exceptional investment opportunity presents a 11,000-square-foot, single-story medical office building in Sun City Center, Florida. The property features a stabilized, NNN lease structure with two high-quality corporate-guaranteed tenants: Watson Clinic and Elite DNA Behavioral Health. Watson Clinic, a long-term tenant since 2008, occupies 8,000 square feet and recently extended their lease, ensuring a remaining term of over 10 years. Elite DNA Behavioral Health occupies 3,000 square feet, having completed their build-out in late 2023. The building boasts a 5.95% cap rate and a strong NOI of $463,332. Situated on a 16,945-square-foot lot, the property provides ample parking (4.9 spaces per 1,000 sq ft). Built in phases (2009, 2020, and 2023), the property is zoned for Planned Development and benefits from the significant population growth in the Sun City Center area. The lease terms include two 5-year options. This presents a low-risk, passive income investment with significant long-term potential in a rapidly growing market. The property sustained no structural damage from recent hurricanes. Financial details, including rent roll and lease specifics, are available in the Offering Memorandum. The asking price is $7,790,000, translating to $708.18 per square foot.

Location Insight

City

Ruskin

County

Hillsborough

State

Florida

Longitude

-82.3818

Latitude

27.7224

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments