501 E Oak St - Medical CONDO FOR SALE


Kissimmee, FL 34744- Downtown Kissimmee
$609,990 USD
407-913-1199
501 E Oak St, Kissimmee, FL for Sale
$609,990 USD
Medical CONDO - FOR SALE
1/37
null | 5.81% Cap Rate

501 E Oak St
Kissimmee, FL 34744
Downtown Kissimmee


HIGHLIGHTS

  • 100% occupied medical office unit with a NEW 3-year term at a 5.81% cap rate
  • Minutes from Kissimmee Medical Arts District

OVERVIEW

eXp Commercial is proud to exclusively offer this end cap medical office unit for SALE, located just East of Kissimmee's Medical Arts District. With direct frontage to E Oak St, this unit has an AADT flow of 19,000, providing plenty of visibility from the main road. The space is currently 100% OCCUPIED by Bannel Associates LLC, who has a fresh, three-year NNN lease in place and who are looking to stay and extend their lease beyond the current term. This unit is in the same building with Select Physical Therapy, Beattie Family Orthodontics, and is surrounded by a host of healthcare specialties within the Heritage Square Office Condos development. The space features a waiting area, a reception, 2 bathrooms, two open spaces, a front and rear entrance, and 4 exam rooms with ample space for 5. There is plenty of parking space available, with 5/1,000 ratio. This prime investment opportunity is yielding $35,442/year NOI at a 5.81% cap rate.

FOR SALE DETAILS

PRICE

$609,990 USD

PRICE/SF

$379 USD /SF

CAP RATE

5.81%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Square Office Condo's

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

9,765 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

IMP

APN/PARCEL ID

22-25-29-1491-0001-00F0

ASK ABOUT THIS PROPERTY

Marcos PereseXp CommercialMore Info
407-913-1199

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Marcos PereseXp CommercialMore Info
407-913-1199

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