This Office Property is Off-Market.

7221 Chancery Lane
Orlando, FL 32809 ·

2,098 SF · Office For Sale

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BANK OWNED - Medical Office User/Investment

Price N/A Occupancy 100%
Building Size 2,098 SF No. Stories 1
Property Type Office Building Class B
Property Sub-type Medical Office Tenancy Single
Property Use Type Investment Year Built 1978
Distressed Yes Lot Size 16,500 SF
Cap Rate 12%
Listing ID: 16517446 Date Created: 12/31/2009 Last Updated: 08/16/2010

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

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

Research

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

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