|Gross Leasable Area (GLA)||4,200 Sq.Ft.|
|Price Per Square Foot (GLA)||$369|
|Lot Size||0.27 Acres|
Marcus & Millichap is pleased to present for sale this 4,200-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 increases annually, an investor can realize attractive rent growth while investing in a prime Downtown Orlando 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 7:30 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 equipment, and the proximity to local hospitals, the tenant is positioned for long-term success at this location.
The subject property is ideally positioned on South Orange Avenue, which sees an average daily traffic count of 34,500 vehicles, and is home to numerous medical offices and practices. The property lies less than a mile from Interstate 4, the area’s most frequently traveled roadway providing access to Lakeland, Tampa, and Daytona Beach. Orlando Regional Medical Center, the area’s largest hospital, lies less than a half-mile from the property with 808 beds.
First Vice President Investments