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761 Stirling Center Place, Lake Mary, FL 32746

$1,650,000
Property Type: Commercial Sale Square Footage: 4,104 Status: Closed
Current Price: $1,650,000 List Date: 6/23/2022 Last Modified: 9/28/2024

Overview

Description

NNN Investment Property in desirable Lake Mary, FL (Orlando MSA). 4,104 SF freestanding medical office building in Stirling Center. Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations. New 5 year NNN lease with renewals will be signed at closing. 7.0% cap rate year one with annual increases. Functional medical floor plan; 8 exam rooms, 5 offices, 2 procedure rooms, 4 restrooms, large waiting room, breakroom, etc. Tenant has been operating out of this location since 2015. A dynamic addition to your real estate portfolio!

Listing Details MLS# 1098222

General Property Information

Building Area Total
4104
Year Built
2006
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Located in Stirling Center just west of Rinehart Road and 1 mile to Interstate 4.
Public Remarks
NNN Investment Property in desirable Lake Mary, FL (Orlando MSA). 4,104 SF freestanding medical office building in Stirling Center. Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations. New 5 year NNN lease with renewals will be signed at closing. 7.0% cap rate year one with annual increases. Functional medical floor plan; 8 exam rooms, 5 offices, 2 procedure rooms, 4 restrooms, large waiting room, breakroom, etc. Tenant has been operating out of this location since 2015. A dynamic addition to your real estate portfolio!
List Price/SqFt
389.86
Sold Price/SqFt
402.05

Property Features

Business Type: Commercial; Medical; Professional Service; Professional/Office Sale Includes: Building & Land

Contract Information

Listing Contract Date
2022-06-23
Property Sub Type
Business

Location Tax and Legal

Street Number
761
Street Name
Stirling Center
Street Suffix
Place
County
Seminole
State
FL
Postal Code
32746
MLS Area Major
99 - Other

Status Change Information

Major Change Timestamp
2022-10-07T14:38:41Z
Major Change Type
Status Change
Purchase Contract Date
2022-07-08
Close Date
2022-09-14
Close Price
1650000

Building Features

Vac Off/Retail SqFt
4104

More Information

Historical Information

Public Historical Remarks 1
Zoning (Text): M-1A; Bldg Type/Location: Free Standing; SqFt - Total: 4104.00; Confidential Listing: N; % Occupancy: 100.00; Commercial Property Name: Medical Office Bldg; Franchise Opt In: No

Location, Tax, and Legal

Country
US
Parcel Number
06-20-30-513-0000-0100
Tax Legal Description
x

Currently Not Used

Year Built
2006

Business Type

Commercial
Yes
Medical
Yes
Professional Service
Yes
Professional/Office
Yes

Sale Includes

Building & Land
Yes
Listing Office: SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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