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29768331
29768336

4750 The Grove Dr, Windermere, FL 34786

BC
SC 39847
Oswald Cooke & Associates
Listed by Oswald Cooke & Associates
$1,645,030
466 days on market
Updated 10 days ago

Orlando Health Medical Office Condo

Details
Property Type Office
Sub Type Medical Office
Square Footage 3,088
Net Rentable (SqFt) 3,088
Cap Rate 6.5%
NOI $106,927
Occupancy 100%
Tenancy Single
Brand/Tenant Orlando Health
Lease Type NN
Lease Term 10
Lease Expiration 11/30/2028
Remaining Term 2.5
Rent Bumps Yes
Broker Co-Op Yes
Class A
Stories 2
Investment Type Net Lease
Lease Commencement 12/01/2018

Office | 6.50% CAP | 3,088 SqFt

Marketing description

Oswald Cooke & Associates is pleased to offer the a 3,088 SF Medical Office Condo for sale in The Groves development in Windermere, Florida. The space is leased to Orlando Health, Inc. The NN+ lease expires in November 2028 and offers is subject to 2.5% rent escalations annually throughout the term. The site is located off Conroy Windermere Road (33,000 VPD) and S Apopka Vineland Road (44,500 VPD). The property is surrounded by national retailers including Starbucks, Chipotle, AT&T, Hawkers, LA Fitness, Chase Bank, Walgreens, Panera Bread, Publix, Walmart Marketplace, and many others. Windermere is a part of the Orlando Metropolitan Area, and is only nine miles from Walt Disney World.

Investment highlights

Orlando Health Medical Office

2.5% Annual Increases

NN+ Lease

9 Miles to Disney World

Listing Contacts

BC
SC 39847
Oswald Cooke & Associates
Listed by Oswald Cooke & Associates

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$106,927.00
$8,910.58/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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