Office•Medical•For Sale

Pine Hills MOB

800 Mercy Drive, Orlando, Florida 32808

Sale Price $14,950,000
Sale Type Investment
Zoning I-G/W
Bldg Type Multi-Tenant
Class A
Status Existing
Year Built 1963
Year Renovated 2017
Stories 1
Cap Rate 7.94%
Vacancy 100%
Gross Bldg 59,198 SqFt
RBA 59,198 SqFt
Land Area 2.65 Acres
Avail Parking 5/1000SqFt
Net Op Inc $1,186,745.82
Market Orlando
Sub-Market Pine Hills
Great Opportunity to own a NNN Investment Medical Office Building in the booming market of Orlando, Florida. The building has an Excellent Tenant mix with an anchor tenant of Community Health along with Dialysis, Research, Children's Servies and Physical Therapy. Note(s): West Orange Dialysis and Nephrology is currently under contract to sell their operations to a national dialysis group. The successful buyer will have free access to interview West Orange and the owners during the due diligence period. Seller currently has a non-recourse fixed loan on the property which owner would like buyer to assume. Adjacent to US 50, and 7 miles to Interstate 4, 5 miles to Florida Hospital Memorial Plaza, 16 miles to Orlando International Airport.
  • 92.6% leased Medical Office Building
  • Class A Office Buildout
  • Long-term leases
  • Excellent location in an expanding market
  • Ample parking
  • Annual escalations
2/10/2019 6:44:36 PM 4/17/2019 3:00:22 PM
Gail Bowden
Senior Commercial Real Estate Advisor
Michael Saunders & Company


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