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29587449
29587445

9350 Turkey Lake Rd #2, Orlando, FL 32819

JJ
CO 100103493
CBRE - Healthcare Capital Markets
CM
CA 02093541
CBRE - Healthcare Capital Markets
Listed by CBRE - Healthcare Capital Markets
$6,000,000
117 days on market
Updated 85 days ago

9350 Turkey Lake Road

Details
APN 02-24-28-1161-00-020
Property Type Office
Sub Type Medical Office
Square Footage 14,865
Units 2
Cap Rate 5.76%
NOI $345,647
Occupancy 100%
Tenancy Multi
Brand/Tenant Quest Diagnostics, Rayus Radiology
Lease Type NNN
Price per SqFt $404
Broker Co-Op Yes
Year Built 1990
Buildings 1
Stories 1
Lot Size (SqFt) 18,294
Parking Spaces 148 spaces
Parking Per SqFt 9.96
Investment Type Net Lease

Multi-Tenant MOB Occupied by RAYUS Radiology & Quest Diagnostics (NYSE: DGX)

Marketing description

CBRE U.S. Healthcare Capital Markets is pleased to present 9350 Turkey Lake Road, a 14,865± SF, 100% leased multi‑tenant medical outpatient building located directly adjacent to Orlando Health Dr. P. Phillips Hospital in the heart of Orlando, FL. The asset is anchored by Rayus Radiology (81% of GLA), a national imaging provider leased through 2031 with 2.5% annual increases. Quest Diagnostics (19% of GLA), an investment‑grade Fortune 500 laboratory provider, is leased through 2029. Both tenants are under NNN lease structures, with landlord responsibilities limited to roof, structure, and foundation.

To view the full Offering Memorandum, please access the external CBRE website to sign the Confidentiality Agreement and immediately gain access to the marketing package: https://www.cbredealflow.com/handler/modern.aspx?pv=-TswkZgOGDClrHjUsWSdiHn_Ab4Hw4Zq874cTTcOT9AtbTfAtVAmJFNGeK8XE6EM4ubxrpIAsm0QBfMG3SpU9g

Investment highlights

  • 100% leased, providing immediate in place income and operational stability

  • Located in Orlando, one of the fastest growing metros in the United States

  • NNN lease structures with landlord responsibility limited to roof, structure, and foundation

  • Facility supports MRI, PET/CT, nuclear medicine, ultrasound, mammography, and X-Ray

  • Specialized build outs and capital-intensive equipment create high tenant stickiness and strong barriers to relocation

  • Orlando medical outpatient vacancy at 7%, reflecting strong demand and limited competing inventory

  • Florida’s pro-business climate, rapid population growth, and absence of state income tax support long-term sector resilience

Listing Contacts

JJ
CO 100103493
CBRE - Healthcare Capital Markets
CM
CA 02093541
CBRE - Healthcare Capital Markets
Listed by CBRE - Healthcare Capital Markets

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$345,647.00
$28,803.92/mo

Valuation Metrics

0
DSCR
5.76%
Cap Rate
5.76%
ROI

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Additional Information

Name
Cole Reethof
License
#SL3621766
Brokerage
CBRE
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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