WellMed MOB

Investment Overview

2701 W Saint Isabel St. is a stand-alone, Class A medical office building constructed in 2008 with reinforced concrete block and stucco construction. The property totals approximately 7,670 square feet across two stories, with roughly 6,987 square feet of net rentable area situated on a 0.46-acre corner lot. It offers excellent accessibility and visibility at the intersection of St. Isabel and Tampania Avenue, only minutes from Tampa International Airport and just two blocks from St. Joseph’s Hospital and St. Joseph's Women's Hospital —an ideal location for medical tenants seeking proximity to a major healthcare hub. The building features 38 dedicated parking spaces, including 19 covered spaces, which is a meaningful advantage for a medical operation with regular patient flow and staff traffic. Inside, the first-floor lobby is finished with ceramic tile, crown molding, recessed lighting, and a dropped acoustical ceiling, creating a professional presence for visitors. With its credit rated tenant (UHG), strong location, modern construction/buildout and ample covered parking, this property positions an investor to capture stable cash flow from medical tenancy while retaining opportunities for future upside (below mkt. rent).

Investment Highlights

• Credit rated tenant in United Healthcare Group (UHG)
• NNN lease with new 5-year initial term and 5-year option beginning January 2026
• High-end medical buildout performed specifically for tenant (build-to-suit)
• Close proximity to two major hospitals
• Below market contractual rent (positive leasehold interest)
• Vaulted retention and adequate covered parking