121-189 S Orange Ave - Office/Residential CONDO FOR SALE


Orlando, FL 32801- Arts District
$1,910,000 USD
321-945-4477
121-189 S Orange Ave, Orlando, FL for Sale
$1,910,000 USD
Office/Residential CONDO - FOR SALE
1/18
null | 9% Cap Rate

121-189 S Orange Ave
Orlando, FL 32801
Arts District


OVERVIEW

The property is fully leased to a regional, multi-location nonprofit healthcare operator operating under a 501(c)(3) structure. The tenant maintains established operations in Central Florida and has been in continuous operation for over six years. - Tenant has 3 locations, and revenue is on the rise. According to publicly available IRS Form 990 filings, the tenant has demonstrated strong and improving financial performance over recent years. The organization reported approximately $7.6 million in revenue and a positive net operating income of approximately $2.8 million in 2024. Buyers are encouraged to verify all financial information independently. The lease is structured as an Absolute NNN lease with 3% annual rent escalations. As of January 2026, base rent is $14,331 per month ($171,973 annually), exclusive of NNN charges. The tenant has no history of late or missed rent payments under the current lease. This financial profile, combined with the tenant’s nonprofit structure, healthcare use, and long-term Absolute NNN lease, supports income durability and reduced tenant credit risk throughout the remaining lease term and renewal options. Additional tenant financial information, including link to the financial statements available on the public domain, will be made available upon execution of a confidentiality agreement. Seller Lease Support Available: Tenant is a nonprofit healthcare operator with multiple locations. While the lease does not contain a personal guaranty, Seller is willing to discuss a rent support escrow equal to approximately 18 months of base rent. Subject to negotiated terms, escrow funds may be available to offset lost rental income in the event of a tenant vacancy prior to expiration of the initial lease term. Final terms to be determined during contract negotiations.

FOR SALE DETAILS

PRICE

$1,910,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

9%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9% CAP - NNN- The Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

500,000 SF

STORIES

21

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

AC-3A/T/HP

APN/PARCEL ID

26-2229-7154-01-000,26-2229-7155-00-001,26-2229-7155-04-055,26-2229-7155-04-056,26-2229-7155-04-059,26-2229-7155-04-060,26-2229-7155-04-061,26-2229-7155-04-062,26-2229-7155-04-063,26-2229-7155-04-064,26-2229-7155-04-065,26-2229-7155-04-066,26-2229-7155-04-067,26-2229-7155-04-068,26-2229-7155-04-069,26-2229-7155-04-070,26-2229-7155-04-071,26-2229-7155-21-000,26-2229-7156-08-000,26-2229-7156-08-500,26-2229-7156-08-800,26-2229-7156-09-200,26-2229-7156-10-000,26-2229-7156-11-500,26-2229-7156-12-500,26-2229-7156-14-100,26-2229-7156-14-200,26-2229-7157-08-000,26-2229-7157-11-500,26-2229-7157-14-200,26-2229-7352-25-131,26-2229-7352-25-132

ASK ABOUT THIS PROPERTY

Sunny GandhiKeller Williams at the Parks RealtyMore Info
321-945-4477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sunny GandhiKeller Williams at the Parks RealtyMore Info
321-945-4477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.