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Plaza Del Prado Office 140 N Westmonte Dr 14,514 SF 21% Leased Office Building Altamonte Springs, FL 32714 $4,500,000 ($310.05/SF)
Executive Summary
Located at 140 North Westmonte Drive, this 14,514 SF two-story office building presents an attractive owner-user opportunity within the Orlando market. Positioned one block from a major I-4 interchange, the property offers excellent accessibility for patients, employees, and clients.
A significant portion of the building (56%) is currently leased to United Healthcare Services, Inc. (Optum), a national, creditworthy medical tenant. The in-place lease generates stable rental income that subsidizes the cost of ownership and occupancy for an owner-user, resulting in a materially lower net cost of occupying the building compared to leasing or owning a fully owner-occupied property.
The remaining vacant suites are delivered in shell condition, allowing a buyer to design and build out space tailored to their specific medical or professional use. The property offers an owner-user control of its real estate and long-term equity, with in-place rental income helping subsidize a portion of ownership costs.
*Optum Health has 8 reserved parking spaces in rear of building
A significant portion of the building (56%) is currently leased to United Healthcare Services, Inc. (Optum), a national, creditworthy medical tenant. The in-place lease generates stable rental income that subsidizes the cost of ownership and occupancy for an owner-user, resulting in a materially lower net cost of occupying the building compared to leasing or owning a fully owner-occupied property.
The remaining vacant suites are delivered in shell condition, allowing a buyer to design and build out space tailored to their specific medical or professional use. The property offers an owner-user control of its real estate and long-term equity, with in-place rental income helping subsidize a portion of ownership costs.
*Optum Health has 8 reserved parking spaces in rear of building
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
14,514 SF
Building Class
B
Year Built/Renovated
1982/2022
Price
$4,500,000
Price Per SF
$310.05
Percent Leased
21%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,257 SF
Slab To Slab
12’
Building FAR
0.33
Lot Size
1.02 AC
Zoning
General Office - City of Altamonte Springs
Parking
63 Spaces (4.34 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Optum began in 2011 when UnitedHealth Group combined its pharmacy and care services into one brand. The company operates three main divisions: OptumHealth provides direct healthcare, OptumInsight offers data analytics, and OptumRx manages pharmacy benefits. Over the years, Optum has grown through acquisitions in areas like data analytics and care delivery. They serve a wide range of clients including government agencies, employers, and healthcare providers. The company emphasizes using technology to improve healthcare efficiency and outcomes. Optum continues expanding its services in care management and digital health tools.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 2100 | 2,215 SF | Office | Shell Space | Now |
| 2nd Fl-Ste 2200 | 1,931 SF | Office | Shell Space | Now |
| 2nd Fl-Ste 2300 | 2,171 SF | Office | Shell Space | Now |
2nd Fl-Ste 2100
| Size |
| 2,215 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 2200
| Size |
| 1,931 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 2300
| Size |
| 2,171 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 2100
| Size | 2,215 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 2200
| Size | 1,931 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 2300
| Size | 2,171 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
1 1
Property Taxes
| Parcel Number | 14-21-29-510-0A00-0020 | Improvements Assessment | $1,038,517 |
| Land Assessment | $568,102 | Total Assessment | $1,606,619 |
Property Taxes
Parcel Number
14-21-29-510-0A00-0020
Land Assessment
$568,102
Improvements Assessment
$1,038,517
Total Assessment
$1,606,619
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Plaza Del Prado Office | 140 N Westmonte Dr
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