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Timber & Tide Realty
891 Outer Road Unit A, Orlando, FL 32814
- $1,601,271
- 3,269
- SqFt
- List Price
- $1,601,271
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- O6448047
- Subtype
- Commercial Sale
- Year Built
- 2007
- Living Area
- 3,269
- Lot Size
- 3,270
- Acres
- 0.08
- Subdivision
- Bp 1194 Condos
- MLS Area Major
- Orlando
Property 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.
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Additional Information
- Community Features
- No Deed Restriction
- Zoning
- PD/AN
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
Listing courtesy of ALPHA EQUITY REALTY & MANAGEMENT INC. 407-789-1002
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