891 OUTER ROAD APT A, Orlando, Florida, United States, 32814
1,601,271
for Sale
3,270
About the property:
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.
- Property Type:
- MEDICAL OFFICE
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.08
- Square Feet:
- 3269
- Area:
- 32814 - Orlando
- Heating Type:
- 0
- Directions:
- From SR 408, take the Crystal Lake Dr exit and head north on Crystal Lake Dr, past Orlando Executive Airport, to E Colonial Dr (SR 50). Turn right (east) on E Colonial Dr, then left (north) on Lake Baldwin Ln into Baldwin Park. Turn left on Outer Rd to 89
- Is Condo:
- Yes
- Is Health:
- Yes
- Is Land:
- Yes
- Is Medical:
- Yes
- Is Office:
- Yes
- Is Other:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 23,335.09
- Listing ID:
- O6448047
Rooms
Dimensions
Brokered by:
Alpha Equity Realty & Management Inc
Presented By: