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80 W Michigan St 9,300 SF 100% Leased Office Building Orlando, FL 32806 $5,600,000 ($602.15/SF) 5.07% Cap Rate
Investment Highlights
- Great location South of downtown with good access to I-4.
- First Time on Market
- Constructed in 2010
Executive Summary
Neighboring the heart of Orlando Health’s Flagship Campus, this purpose-built single-tenant medical office (MOB) is 100% Leased. This site is located within the special plan designation (the “SODO” Plan Area). This overlay put forth by the City of Orlando was designed to “encourage redevelopment, create a highly visible and memorable node of activity and establish the intersection of Division Avenue and Kaley Street as the western gateway to the “South Downtown Subarea”.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,300 SF
Building Class
C
Year Built
2010
Price
$5,600,000
Price Per SF
$602.15
Cap Rate
5.07%
NOI
$283,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,300 SF
Building FAR
0.22
Lot Size
0.99 AC
Zoning
I-G/SP
Amenities
- Bus Line
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-2329-1184-02-090 | Improvements Assessment | $3,140,970 |
| Land Assessment | $720,093 | Total Assessment | $3,861,063 |
Property Taxes
Parcel Number
02-2329-1184-02-090
Land Assessment
$720,093
Improvements Assessment
$3,140,970
Total Assessment
$3,861,063
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80 W Michigan St
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