4100 Metric Dr
Winter Park, FL 32792
Metric Park South · Industrial Property For Sale

Marcus & Millichap is pleased to present Metric Park South, a fully-occupied, 36,000 square foot flex building located at 4100 Metric Drive in the affluent Winter Park, Florida submarket (Orlando MSA). The facility was constructed in 2006 of tilt-wall construction—clear heights exceed 20 feet. This property is anchored by DaVita Dialysis, which operates a peritoneal dialysis (PD) center on site. DaVita occupies 12,000 square feet of the property on a triple net lease. The remaining four tenants each occupy 6,000 square feet, and three are on triple net leases. The remaining tenant is on a gross lease with below market rents, which presents an investor the opportunity to add value by converting the lease to triple net and increasing the rents to market level. The property is located just north of University Boulevard, which has traffic of more than 42,000 vehicles per day. The property is in close proximity to many top national retailers including Target, Publix Supermarket, Costco, Starbucks, Dunkin Donuts, and most recently a new Lucky’s Market. There are over 2,000 apartment units within a one-mile radius of the property. Metric Park South sits between University of Central Florida—one of the largest universities in the nation—and Full Sail University, a top school in the Entertainment Industry. The location offers convenient access to Downtown Orlando and the heart of Winter Park by way of major thoroughfares, including SR-436, SR-408, SR-417. The anchor tenant, DaVita Dialysis Medical Care, which is publicly traded on the New York Stock Exchange, has a current credit rating of "BB" by Standard and Poor's. DaVita is the second largest dialysis company in the United States with 87 percent of its primary income stemming from those using the government funded program, Medicare. DaVita is also ranked No. 179 as a Fortune 500 Company with a net worth of $11.74 billion (according to Yahoo Finance 2018). DaVita is the dialysis division of DaVita Healthcare Partners Inc., a Fortune 500 company that, through its operating division, provides a variety of health care services to patient populations throughout the United States and abroad.