Ursula Stemm
(941) 545-6426
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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.
Property Highlights
Property Type: Commercial - Medical
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.08 Acres
Roof Type: Shingle
Taxes: $23,335
Year Built: 2007
General Information
County: Orange
Subdivision: BP 1194 CONDOS
Listed By:
Abbas Sultanali
ALPHA EQUITY REALTY & MANAGEMENT INC
407-789-1002
MLS ID: O6448047
Property Features
Days on Site: 5
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
Exterior: Block, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.08
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Medical Office
Sewer: Public Sewer
Showing Instructions: See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Water: Public
Water Access Y/N: No
Zoning: PD/AN
Shown By
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891 Outer Road , Unit A, Orlando, FL 32814.
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