ingle tenant medical office condo in Baldwin Park, fully leased to Orlando Health on a new 5 year lease through August 2031.
891 OUTER ROAD Apt: A
ORLANDO, FL 32814
Listing
| Web ID: | 5826265 |
|---|---|
| Website: | https://www.nestseekers.com/5826265 |
Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Area: | 3269 sq ft |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,601,271
Annual Taxes:$23,335.09
Description
ingle-tenant medical office condo in Baldwin Park, fully leased to Orlando Health on a new 5-year lease through August 2031. Tenant has occupied the suite since 2015, showing long-term commitment to the location. Lease features fixed annual rent increases and one 5-year renewal option. Tenant pays real estate taxes direct, utilities, interior maintenance and janitorial, keeping landlord expenses to insurance and condo dues. Recent capital improvements include a new roof (2022), two new HVAC units (2026), new interior floors (2026) and fresh interior and exterior paint (2026). Year 1 NOI of $92,073 offered at a 5.75 cap rate. 3,269 SF, built 2007, CB/stucco construction, within one of Orlando’s most established master-planned communities minutes from Downtown Orlando and Winter Park. Ideal for 1031 exchange buyers seeking health-system credit with minimal management. Do not disturb tenant.
Virtual Tour: https://my.matterport.com/show/?m=tXCbo23fsZo&mls=1
Amenities
- Bb Hs Internet Capable
- Electricity Available
- Public
- Water Connected
Location
Contact
Listing Courtesy of ALPHA EQUITY REALTY & MANAGEMENT INC