140 N Westmonte Dr - Medical FOR SALE


Altamonte Springs, FL 32714- Wekiva
$4,500,000 USD
863-272-7156
140 N Westmonte Dr, Altamonte Springs, FL for Sale
$4,500,000 USD
Medical - FOR SALE
1/32
null | Request Cap Rate

140 N Westmonte Dr
Altamonte Springs, FL 32714
Wekiva


OVERVIEW

Located at 140 North Westmonte Drive, this 14,514 SF two-story office building presents an attractive owner-user opportunity within the Orlando market. Positioned one block from a major I-4 interchange, the property offers excellent accessibility for patients, employees, and clients. A significant portion of the building (56%) is currently leased to United Healthcare Services, Inc. (Optum), a national, creditworthy medical tenant. The in-place lease generates stable rental income that subsidizes the cost of ownership and occupancy for an owner-user, resulting in a materially lower net cost of occupying the building compared to leasing or owning a fully owner-occupied property. The remaining vacant suites are delivered in shell condition, allowing a buyer to design and build out space tailored to their specific medical or professional use. The property offers an owner-user control of its real estate and long-term equity, with in-place rental income helping subsidize a portion of ownership costs. *Optum Health has 8 reserved parking spaces in rear of building

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Plaza Del Prado Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

General Office

APN/PARCEL ID

14-21-29-510-0A00-0020

ASK ABOUT THIS PROPERTY

David HungerfordSaunders Ralston Dantzler Commercial Real EstateMore Info
863-272-7156

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David HungerfordSaunders Ralston Dantzler Commercial Real EstateMore Info
863-272-7156

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