Listed by Bishop Beale Duncan
$5,600,000
80 W Michigan St
Details
Property Type Office
Sub Type Medical Office
Square Footage 9,300
Cap Rate 5.06%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Rent Bumps Yes
Lease Options 2
Class C
Year Built 2010
Acreage 0.990
Zoning I-G/SP
Parking Spaces 45 spaces
Parking Per SqFt 4.84
Investment Type Stabilized
Tenant Credit Credit Rated
Single AA Tenant MOB, First Time on Market
Marketing description
Neighboring the Heart of Orlando Health's Flagship Campus, This Purpose-Built Single-Tenant Medical Office (mob) Is 100% Leased with A Single Aa Rated Medical Tenant.
This Site Is Located Within the Special Plan Designation (the "SODO" Plan Area). This Overlay Put Forth by The City of Orlando Was Designed to "encourage Redevelopment, Create a Highly Visible and Memorable Node of Activity and Establish the Intersection of Division Avenue and Kaley Street as The Western Gateway to The "South Downtown Subarea".
Investment highlights
- Great location South of downtown with good access to I-4.
- Constructed in 2010
- First Time on Market
Listing Contacts
Listed by Bishop Beale Duncan
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Zoning
I-G/SP PlannedGeneral Industrial Specially Planned Area
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