Historical Office Sale Listing - BANK OWNED - Medical Office User/Investment

Office For Sale

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BANK OWNED - Medical Office User/Investment

7221 Chancery Lane, Orlando, FL 32809

N/A

2,098 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
2,098 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
12%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
1978
Lot Size:
16,500 SF
Listing ID
16517446
Last Updated
over 1 year ago

Highlights

  • BANK OWNED
  • Purchase contingent on new lease @ $15 NN with current tenant - Dentist Organization
  • 3% annual increases
  • 12 % Cap Rate based on new 5 year lease with current month to month tenant
  • Ample Parking
  • 3/4 miles North of Sand Lake Road

Description

Free standing Dental Office, ample treatment rooms and parking PLEASE NOTE THE CAP RATE IS BASED ON THE CURRENT TENANT SIGNING A LEASE @$15 NN. THIS IS A BANK OWNED PROPERTY AND AS SUCH HAVE THE TENANTS ON MONTH TO MONTH WITH 90 NOTICE TO TERMINATE BY EITHER PARTY. INVESTOR WOULD MAKE PURCHASE BASED ON A NEW 5 YEAR LEASE TO BE SIGNED BY TENANT. CALL FOR MORE DETAIL.

Located just of Orange Blossom Trail

Map of 7221 Chancery Lane, Orlando, FL 32809 (Orange County)

Research for 7221 Chancery Lane, Orlando, FL 32809 (Orange County)

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