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32377568
7183416

Maitland Ave-707 Ballard St, Altamonte Springs, FL 32701

$1,550,000
1462 days on market
Updated 7 days ago

Med Office-Maitland Ave-For Sale

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,601
Net Rentable (SqFt) 4,601
Units 19
Cap Rate 7.03%
NOI $108,998
Occupancy 100%
Rent Bumps Yes
Price per SqFt $337
Broker Co-Op Yes
Year Built 1996
Stories 1
Parking Spaces per unit

Office | 4,601 SqFt

Marketing description

FOR SALE

Own Your own Medical Office for the Cost of Rent!

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Start Cash Flow immediately!!
Rare opportunity for a medical or healthcare user to acquire a fully built-out medical office in a strong medical corridor with large hospitals very close by.
Ideal for any medical use: primary care, urgent care, or specialty practice.
Ownership cost is comparable to leasing, allowing a practice to build equity while controlling long-term occupancy costs.
You won't have to pay the annual rent increases year after year!!
Estimated ownership cost comparable to lease rates.
Priced for immediate interest and occupancy
- ownership opportunities at this price point are extremely limited in this submarket.

Seller motivated. Make your best offer.

**********************************************

For faster response please email

[email protected]

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*the above info is best to our knowledge

Investment highlights

**** FOR SALE: Motivated Seller!! Make Offer!!

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Beautiful Medical Office*

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Fully built out and functioning medical offices

Full Medical buildout already in-place

Free Standing Building

Built 1996*

Close to Major Hospitals

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-- Advent Health Altamonte Springs

-- Orlando Health South Seminole

-- Encompass Health

4601 sf

No HOA and other building services fees since it is a free standing building.

Brand NEW roof recently installed.

2 Suites

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2792sf and 1488sf

Suite 1000 -2792sf

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6 exam rooms

3 offices

5 bathrooms

Waiting room

lab

2 air conditioners

Front desk

chart room

laundry room

Kitchen

2 showers

large waiting room

Handicapped bathroom

Reception area with glass privacy window

Suite 1001 - 1488sf

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3 exam rooms

1 large lead lined room

Waiting room

1 large office w bathroom/shower

Handicapped bathroom

Reception area with glass privacy windows 1 air conditioner

Small storage room with sink

The building is priced significantly less than replacement cost

Excellent Location

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Address: 707 Ballard Street, Altamonte Springs, FL

Close to Major Hospitals: Advent Health, Altamonte Medical, Florida Hospital, Orlando Health

Corner of Maitland Avenue and Ballard Street.

Close to I-4

Excellent for 1031 exchange.

Motivated Seller. Make your best offer.

**********************************************

For faster response please email

[email protected]

*****************************************

*the above info is best to our knowledge

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,998.00
$9,083.17/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

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