2911 Red Bug Lake Rd - Medical FOR SALE


Casselberry, FL 32707
$2,300,000 USD
407-863-2966
2911 Red Bug Lake Rd, Casselberry, FL for Sale
$2,300,000 USD
Medical - FOR SALE
1/5
null | 5.42% Cap Rate

2911 Red Bug Lake Rd
Casselberry, FL 32707


HIGHLIGHTS

  • Fully Leased & Stable Medical Tenant- 100% occupancy with Orlando Orthopaedic Center, a NNN asset enuring stable income.
  • 3.0% Annual Base Rent Increases
  • One to Five Year Option- To extend with 180 day prior written notice
  • Property Management- Expenses are recoverable

OVERVIEW

Atrium Commercial Real Estate is pleased to present the exclusive opportunity to acquire a 100% leased medical NNN asset located in Casselberry, Florida, one of the most dynamic submarkets in the greater Orlando MSA. The offering represents a stabilized, income-producing investment anchored by Orlando Orthopaedic Center, a well-established regional medical tenant, and provides investors with the security of in-place NOI of $124,600. At the asking price, the asset reflects a 5.42% cap rate, offering a compelling opportunity to acquire a passive medical office investment in a high-growth Central Florida market. The Lease also affords 3.00% annual increases in Base Rent which hedges against future inflationary environments. As always, there’s no state income tax in Florida. Positioned along the highly trafficked Red Bug Lake Road corridor in Seminole County, the property benefits from strong surrounding demographics, excellent visibility, and sustained commercial growth over the past five years.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$421 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical NNN Investment Sale

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

OP, County

APN/PARCEL ID

22-21-30-300-018B-0000

ASK ABOUT THIS PROPERTY

JP Beaulieu, CCIM, CLSAtrium Commercial Real EstateMore Info
407-863-2966

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JP Beaulieu, CCIM, CLSAtrium Commercial Real EstateMore Info
407-863-2966

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