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501 E Oak St - Heritage Square Office Condo's 1,611 SF Office/Medical Condo Unit Offered at $609,990 in Kissimmee, FL 34744
INVESTMENT HIGHLIGHTS
- 100% occupied medical office unit with a NEW 3-year term at a 5.81% cap rate
- Minutes from Kissimmee Medical Arts District
EXECUTIVE SUMMARY
eXp Commercial is proud to exclusively offer this end cap medical office unit for SALE, located just East of Kissimmee's Medical Arts District. With direct frontage to E Oak St, this unit has an AADT flow of 19,000, providing plenty of visibility from the main road. The space is currently 100% OCCUPIED by Bannel Associates LLC, who has a fresh, three-year NNN lease in place and who are looking to stay and extend their lease beyond the current term. This unit is in the same building with Select Physical Therapy, Beattie Family Orthodontics, and is surrounded by a host of healthcare specialties within the Heritage Square Office Condos development. The space features a waiting area, a reception, 2 bathrooms, two open spaces, a front and rear entrance, and 4 exam rooms with ample space for 5. There is plenty of parking space available, with 5/1,000 ratio. This prime investment opportunity is yielding $35,442/year NOI at a 5.81% cap rate.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 9,765 SF | Typical Floor Size | 9,765 SF |
| Property Type | Office (Condo) | Year Built | 1989 |
| Property Subtype | Medical | Lot Size | 0.45 AC |
| Building Class | C | Parking Ratio | 2.66/1,000 SF |
| Floors | 1 | ||
| Zoning | IMP - Industrial Master Planned Development | ||
| Total Building Size | 9,765 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 9,765 SF |
| Year Built | 1989 |
| Lot Size | 0.45 AC |
| Parking Ratio | 2.66/1,000 SF |
| Zoning | IMP - Industrial Master Planned Development |
AMENITIES
- Reception
- Air Conditioning
1 UNIT AVAILABLE
Unit F
| Unit Size | 1,611 SF | Sale Type | Investment |
| Price | $609,990 | Cap Rate | 5.81% |
| Price Per SF | $378.64 | NOI | $35,442 |
| Condo Use | Office/Medical | Sale Conditions | 1031 Exchange |
| Unit Size | 1,611 SF |
| Price | $609,990 |
| Price Per SF | $378.64 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| NOI | $35,442 |
| Sale Conditions | 1031 Exchange |
DESCRIPTION
FULLY RENOVATED!...NEW flooring, NEW baseboards, NEW ceiling tiles, NEW paint, and NEW columns. Space features a lobby/waiting area, 4 rooms, 2 large open spaces, 2 bathrooms, and 2 entrances. The location is superb.
NNN TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Select Physical Therapy |
-
|
Jan 0000
|
| Bannel Associates LLC |
-
|
Jan 0000
|
| DN telehealth |
-
|
Jan 0000
|
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501 E Oak St - Heritage Square Office Condo's
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