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8946 77th Terrace, FL
Stellar MLS

$6.97M

8946 77th Terrace

Lakewood Ranch, FL 34202

Listing updated: May 22, 2026 at 9:09 AM ET

Active
Stellar MLSListing courtesy of Svn Commercial Advisory Group · Tony Veldkamp, CCIM · MLS #A4688412 · Active · 941-387-1200
8,046
Building SF
0.18
Acres
2009
Built
$866.89
Per SF
Office6.50% cap rate$866.89/SF360° tour
Office

Property type

2009

Year built

8,046 SF

Building size

8,046 sqft

Lot size

$866.89

Price / SF

PD-MU

Zoning

51

Days on market

Investment & cash flow

6.50%
Cap rate
$453K
NOI / yr
$866.89
Price / SF

Figures provided by the listing broker — verify independently.

About this property

Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6.5% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Office
Status
Active
Days on market
51
Subdivision
Professional Center At Lakewood R 8, 9&10
County
Manatee
Year built
2009
Building area
8,046 sq ft
Price/sq ft
$866.89
Lot size
8,046 sq ft
Buildings
1
Road frontage
City Street
Annual taxes
$24K (2025)
Parcel #
1918552979
Zoning
PD-MU
MLS #
A4688412

Listing details

Listing date
2026-04-01
On market date
2026-04-01
Original list price
$7.54M
MLS area
34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Status changed
2026-04-01
Tax legal description
UNITS 10-A-1, 10-B-1, 10-C-1, 10-D-1, 10-E-1, 10-F-1, 10-G-1, 10-H-1, 10-I-1, 10-J-1, 10-K-1, 10-L-1, 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI#

Location

Directions

From Interstate 75 and University Parkway, head East on University Parkway. Turn left at Town Center Parkway, turn left on 77th Terrace East. Turn left into the parking lot. This building is located at the back of the parking lot.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of May 22, 2026 at 9:09 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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