Log In/Sign Up
Your email has been sent.
Ivanhoe Medical Plaza 2106 N Orange Ave 6,308 SF 100% Leased Office Building Orlando, FL 32804 For Sale 6.50% Cap Rate
Investment Highlights
- Stabilized 6.50% cap rate
- Anchored by Walgreen's Specialty Pharmacy
- Recently completed FDOT streetscape improvements
- NNN Leases
- Directly across from AdventHealth Downtown Orlando
Executive Summary
Millenia Partners is exclusively offering Ivanhoe Medical Plaza a ±11,419 SF, two-building medical-grade office campus directly across from AdventHealth Downtown Orlando's $1+ billion campus expansion. The offering is anchored by Walgreen's Specialty Pharmacy on a multi-year lease and structured to deliver a guaranteed 6.50% Day-One cap rate: the seller will execute a sale-leaseback on any remaining vacancy, fully stabilizing income at closing and removing all lease-up risk. Both buildings are built to medical-grade and ADA specifications with FF&E available & turnkey for the next physician group, surgical practice, or healthcare investor.
Ivanhoe Village is one of Central Florida's most supply-constrained medical corridors, making this a rare, credit-backed infill opportunity at a stabilized 6.50% cap.
Ivanhoe Village is one of Central Florida's most supply-constrained medical corridors, making this a rare, credit-backed infill opportunity at a stabilized 6.50% cap.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,308 SF
Building Class
B
Year Built/Renovated
1965/2014
Cap Rate
6.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,308 SF
Slab To Slab
11’
Building FAR
0.52
Lot Size
0.28 AC
Zoning
AC-2/T - General Commercial District
Amenities
- 24 Hour Access
- Atrium
- Bio-Tech/ Lab Space
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
10,782
92,511
269,352
2025 Population
12,752
106,094
298,518
Population Growth '20-'25
18.3%
14.7%
10.8%
2020 Households
5,383
44,742
116,675
2025 Households
6,456
51,854
130,270
Household Growth '20-'25
19.9%
15.9%
11.7%
Average Age
40
42
41
Median Household Income
$111,151
$96,566
$75,618
Daytime Employees
11,941
149,500
271,738
Total Businesses
3,052
20,218
35,774
College Degree + Higher
54%
51%
38%
Property Taxes
| Parcel Number | 13-2229-0003-00-010 | Improvements Assessment | $2,368,088 |
| Land Assessment | $452,347 | Total Assessment | $2,820,435 |
Property Taxes
Parcel Number
13-2229-0003-00-010
Land Assessment
$452,347
Improvements Assessment
$2,368,088
Total Assessment
$2,820,435
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Ivanhoe Medical Plaza | 2106 N Orange Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.