About this Florida Medical Investment Property

MSR Holdings is pleased to offer you another excellent investment opportunity, located in St. Petersburg, Florida. This property, is operated by VCA, one of the largest providers of veterinary services in the US . The building was constructed in 1997 and completely remodeled in 2006-7. Watch the Drone Video

VCA Animal Hospital Property Features:

  • Building & Property Size: 15,979 SF on 40,000 SF lot
  • 11 exam rooms with 56 parking spaces
  • Triple-net-lease (NNN)
  • NASDAQ listed tenant
  • Long term lease until 2029
  • Opportunity for significant value increase
  • Located near busy road with exceptional visibility

The Tenant
The tenant, VCA/Antech , is one of the largest providers of veterinary services in the U.S. with more than 600 animal hospitals in 42 states across the US and 4 Canadian provinces in the VCA network. These hospitals are staffed by more than 3,500 fully qualified veterinarians, including over 400 board certified specialists. VCA animal hospitals provide a full range of medical and surgical services as well as specialized treatments.

VCA is listed on NASDAQ and reported total revenue of $1.92 B in 2014.

Annual Rent Escalation Generating High NOI

This building is an exceptional commercial real estate investment opportunity because it is currently valued below replacement cost.  The lease is projected to generate a Total Net Operating Income (NOI) of $306,615 in 2016 with annual rent escalations thereafter.

The triple-net-lease (NNN) with VCA / Antech as tenant of this property provides for 100% of all maintenance, tenant improvements, and insurance. Further opportunity exists to unlock value and generate additional revenue by leasing the 2,400 SF vacant space on the second floor.

VCA Animal Hospital

Busy Animal Hospital with significant upside due to annual rent escalation and additional rentable space on the second floor. Immediate cash flow.
Investment Projections
  • Minimum Investment: 5% of Project (Submit Form for Details)
  • Expected Hold Period: 3-5 Years
  • Current Cap Rate: 9%
  • Capital Appreciation: Over $2 Million

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