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

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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)

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