OFFERING MEMORANDUM Medical Office Building PUNTA GORDA, FL OFFERING MEMORANDUM KW COMMERCIAL 1675 W. Marion Ave,, Suite 112 Punta Gorda, FL 33950 PRESENTED BY: HEATHER RIDEOUT Director 941.979.1174 rideout@kwcommercial.com FL #BK3339346 JIM QUINN Broker, Operating Principal 941.457.1380 jquinn@kw.com
OFFERING MEMORANDUM Confidentiality & Disclaimer PUNTA GORDA, FL All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW Commercial Peace River Partners in compliance with all applicable fair housing and equal opportunity laws. PRESENTED BY: KW COMMERCIAL 1675 W. Marion Ave,, Suite 112 Punta Gorda, FL 33950 HEATHER RIDEOUT Director 941.979.1174 rideout@kwcommercial.com FL #BK3339346 JIM QUINN Broker, Operating Principal 941.457.1380 jquinn@kw.com Each Keller Williams Realty Office is Independently Owned and Operated www.kwpuntagorda.com/ 2
OFFERING MEMORANDUM MEDICAL PROPOSAL OFFICE FOR COMMERCIAL BUILDING SERVICES PROPERTY INFORMATION 1 PROPERTY INFORMATION MEDICAL OFFICE BUILDING PROPERTY INFORMATION 1 EXECUTIVE SUMMARY PROPERTY DESCRIPTION PROPERTY DETAILS COMPLETE HIGHLIGHTS ADDITIONAL PHOTOS ADDITIONAL PHOTOS ADDITIONAL PHOTOS www.kwpuntagorda.com/ 3
Executive Summary 1 PROPERTY INFORMATION SALE PRICE: $1,500,000 LOT SIZE: 0.84 Acres BUILDING SIZE: 10,141 SF YEAR BUILT: 1994 ZONING: NC Neighborhood Commercial CROSS STREETS: Mary Street PROPERTY OVERVIEW This well maintained Medical Building was previously a Surgery Center. The first floor is setup as a surgery center with, patient reception area, 2 procedure rooms, family room, pre-op & post op care The second floor consists of medical office space suitable for a large group practice or 2 separate practices. PROPERTY FEATURES 2 story, 10,141 sf, free standing building 1st floor was previously used as a Surgery Center 2nd floor Medical Office Space Located beside Bayfront Health Hospital Business Office Physician offices 9 exam rooms with plumbing 59 parking spaces Close to Historic Punta Gorda www.kwpuntagorda.com/ 4
Property Description 1 PROPERTY INFORMATION PROPERTY OVERVIEW This well maintained Medical Building was previously a Surgery Center. The first floor is setup as a surgery center with patient reception area, 2 procedure rooms, family room, pre-op & post op care The second floor consists of medical office space with the potential for another procedure room. On the 2nd floor is a large waiting room, 2 reception intake areas, 9+ exam rooms, private physician offices, a large business office, counseling room & nurses stations. There is an elevator in the building. LOCATION OVERVIEW Located in the Punta Gorda Medical District and next door to Bayfront Health Punta Gorda Hospital. 610 E. Olympia Ave is located within walking distance to Historic Punta Gorda and is just 5 miles from the Interstate 75 exit. Historic Punta Gorda features streets lined with huge royal palms, old Florida-era homes with wide verandas, cobblestone streets and a beautiful waterfront park along the historic district that lets you soak in the feeling of Old Florida. Punta Gorda is located on Charlotte Harbor and this Medical Building is a short walk from the harbor boardwalk. The Harbor can be seen from the 2nd floor. www.kwpuntagorda.com/ 5
Property Details 1 PROPERTY INFORMATION PROPERTY NAME: Medical Office Building STREET ADDRESS: 610 E. Olympia Avenue CITY, STATE, ZIP: Punta Gorda, FL 33950 APN: 412306283005 BUILDING CLASS: B ZONING: NC Neighborhood Commercial YEAR BUILT: 1994 NUMBER OF STORIES: 2 FOUNDATION: Concrete Slab WALLS: Masonary www.kwpuntagorda.com/ 6
Complete Highlights 1 PROPERTY INFORMATION PROPERTY HIGHLIGHTS First floor Ambulatory Surgery Center previously accredited by AAAHC Second floor Medical Office Space 10,871 Sf - 2 story free standing building Located in Punta Gorda's medical district Next door to Bayfront Health Punta Gorda Hospital.84 acres 58 Parking spaces 2 procedure rooms 3 reception intake areas Waiting rooms on 1st & 2nd floor Business Office Counseling Room Private Physician Offices 9 exam rooms with plumbing Walking distance to Charlotte Harbor Boardwalk & Historic Punta Gorda Generator Storm Shutters www.kwpuntagorda.com/ 7
Additional Photos 1 PROPERTY INFORMATION www.kwpuntagorda.com/ 8
Additional Photos 1 PROPERTY INFORMATION www.kwpuntagorda.com/ 9
Additional Photos 1 PROPERTY INFORMATION www.kwpuntagorda.com/ 10
OFFERING MEMORANDUM MEDICAL PROPOSAL OFFICE FOR COMMERCIAL BUILDING SERVICES LOCATION INFORMATION 2 LOCATION INFORMATION MEDICAL OFFICE BUILDING LOCATION INFORMATION 2 REGIONAL MAP LOCATION MAPS AERIAL MAP
Regional Map 2 LOCATION INFORMATION 610 E. Olympia Avenue www.kwpuntagorda.com/ 12
Location Maps 2 LOCATION INFORMATION www.kwpuntagorda.com/ 13
MEDICAL OFFICE BUILDING 2 LOCATION INFORMATION Aerial Map www.kwpuntagorda.com/ 14
OFFERING MEMORANDUM MEDICAL PROPOSAL OFFICE FOR COMMERCIAL BUILDING SERVICES DEMOGRAPHICS 3 DEMOGRAPHICS MEDICAL OFFICE BUILDING DEMOGRAPHICS 3 DEMOGRAPHICS MAP
Demographics Map 3 DEMOGRAPHICS POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 2,058 49,416 125,519 MEDIAN AGE 49.8 54.9 51.3 MEDIAN AGE (MALE) 47.5 54.3 50.2 MEDIAN AGE (FEMALE) 51.5 55.3 52.2 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 942 22,867 55,613 # OF PERSONS PER HH 2.2 2.2 2.3 AVERAGE HH INCOME $52,835 $59,273 $56,291 AVERAGE HOUSE VALUE $214,079 $304,169 $246,143 RACE 1 MILE 5 MILES 10 MILES % WHITE 82.6% 89.5% 87.6% % BLACK 10.2% 5.6% 7.0% % ASIAN 4.3% 1.5% 1.3% % HAWAIIAN 0.0% 0.0% 0.0% % INDIAN 0.8% 0.4% 0.3% % OTHER 0.0% 1.0% 1.6% ETHNICITY 1 MILE 5 MILES 10 MILES % HISPANIC 8.7% 5.6% 7.1% * Demographic data derived from 2010 US Census www.kwpuntagorda.com/ 16