Orlando Health Imaging Center Portfolio

Orlando Health Imaging Center Portfolio

Orlando Health Imaging Center Portfolio
398 East Altamonte Drive
Altamonte Springs, FL 32701


Cap Rate 5.50%
Gross Leasable Area (GLA) 6,400 Sq.Ft. / 4,200 Sq.Ft.
Price Per Square Foot (GLA) $452 / $369
Year Built 2014
Lot Size 0.60 Acres / 0.27 Acres
  • NNN Lease - No Landlord Responsibility
  • Directly Across the Street From Altamonte Mall - 1.5 Million Square Feet
  • Located One Half-Mile From Florida Hospital - 398 Beds
  • Ideally Positioned at Lighted Intersection - 60,000 Vehicles Per Day
  • Florida - No State Income Tax
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Orlando Health Imaging Center Portfolio (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present for sale this 6,400-square-foot, absolute net-leased  Orlando Health Imaging Center. Orlando Health has approximately two years remaining on the base term of their 5-year lease with two 5-year option periods remaining. With three percent annual increases at the start of each option period, an investor can realize attractive rent growth while investing in a prime Altamonte Springs (Orlando MSA) location.

Orlando Health is a private $3.8 billion non-profit healthcare network with over 3,300 beds based in Orlando, Florida. Orlando Health employs over 3,000 physicians and 23,000 employees, making it one of the area’s largest employers. This location is open extended hours from 7 a.m. to 6 p.m. Monday through Friday, and 8 a.m. to 4 p.m. on Saturday. The center is equipped with an MRI Scanner, PET/CT Scanner, CT Scanner, Mammography Scanner, X-Ray Scanner, Ultrasound Scanners, and Radiology PACS Systems. Due to the high cost associated with relocating the millions of dollars in specialty imaging equipment, and the proximity to local hospitals, the tenant is positioned for long-term success at this location.

The subject property is ideally positioned with excellent signage and visibility on State Road 436 in Altamonte Springs, just a half-mile from Interstate 4. State Road 436 is the main retail and business thoroughfare for all of east Orlando. With traffic counts in excess of 60,000 vehicles per day, and Florida Hospital just a half-mile down the road, this imaging center is positioned for long-term success in a dense, infill location. The property is surrounded by a multitude of restaurants and retailers including the Altamonte Springs Mall, Macy’s, Dillard’s, Sears, Barnes & Noble, Publix, Whole Foods, Starbucks, Chili’s, Burger King, Burlington Coat Factory, Denny’s, and Ross.

For More Information, Please Contact:

James Medefind

First Vice President Investment
(813) 387-4788