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29447425
29447442

140 N Westmonte Dr, Altamonte Springs, FL 32714

DH
FL FL 3281084
Saunders Real Estate
BN
FL SL3588892
Avison Young - Orlando
Saunders Real Estate
Listed by Saunders Real Estate, Avison Young - Orlando
Unpriced
127 days on market
Updated 35 days ago

Plaza Del Prado Office

Details
APN 1421295100A000020
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 14,514
Net Rentable (SqFt) 5,167
Occupancy 56%
Tenancy Multi
Brand/Tenant Optum
Remaining Term 7
Class B
Year Built 1982
Year Renovated 2021
Buildings 1
Stories 2
Acreage 1.000
Zoning GO - General Office
Investment Type Value Add

Office | 14,514 SqFt

Marketing description

Located at 140 North Westmonte Drive, this 14,514 SF two-story office building presents an attractive owner-user opportunity within the Orlando market. Positioned one block from a major I-4 interchange, the property offers excellent accessibility for patients, employees, and clients.


A significant portion of the building (56%) is currently leased to United Healthcare Services, Inc. (Optum), a national, creditworthy medical tenant. The in-place lease generates stable rental income that subsidizes the cost of ownership and occupancy for an owner-user, resulting in a materially lower net cost of occupying the building compared to leasing or owning a fully owner-occupied property.


The remaining vacant suites are delivered in shell condition, allowing a buyer to design and build out space tailored to their specific medical or professional use. The property offers an owner-user control of its real estate and long-term equity, with in-place rental income helping subsidize a portion of ownership costs.

*Optum Health has 8 reserved parking spaces in rear of building

Listing Contacts

DH
FL FL 3281084
Saunders Real Estate
BN
FL SL3588892
Avison Young - Orlando
Saunders Real Estate
Listed by Saunders Real Estate, Avison Young - Orlando

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Additional Information

Name
David Hungerford
License
FL 3281084
Brokerage Phone
863-648-1528
Name
Bill Nguyen
License
SL3588892
Brokerage Phone
(407) 219-3500
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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