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1143 State Road 60 E 3,052 SF Office Building Lake Wales, FL 33853 $918,209 CAD ($300.85 CAD/SF) 7.90% Cap Rate
Investment Highlights
- ±3,052 SF single-tenant medical office building
- Located along State Road 60 just minutes from AdventHealth Lake Wales
- Two five-year renewal options at fair market value
- Leased to OptumCare, a national healthcare provider and subsidiary of UnitedHealth Group
- Lease in place through August 31, 2027 with annual rent increases
- Minimal landlord expense exposure and management responsibilities
Executive Summary
This ±3,052 SF single-tenant medical office in Lake Wales is leased to
OptumCare, a national healthcare provider and subsidiary of UnitedHealth
Group, and is strategically positioned just minutes from AdventHealth Lake
Wales, anchoring the area’s primary healthcare corridor. The property offers
stable occupancy backed by national credit in an established medical
location, making it an attractive opportunity for investors seeking durable
healthcare income in a growing Central Florida market.
OptumCare, a national healthcare provider and subsidiary of UnitedHealth
Group, and is strategically positioned just minutes from AdventHealth Lake
Wales, anchoring the area’s primary healthcare corridor. The property offers
stable occupancy backed by national credit in an established medical
location, making it an attractive opportunity for investors seeking durable
healthcare income in a growing Central Florida market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,052 SF
Building Class
B
Year Built
2004
Price
$918,209 CAD
Price Per SF
$300.85 CAD
Cap Rate
7.90%
NOI
$72,539 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,980 SF
Building FAR
0.18
Lot Size
0.38 AC
Zoning
019 - Professional Building
1 1
Property Taxes
| Parcel Number | 28-30-06-939400-001101 | Improvements Assessment | $495,276 CAD |
| Land Assessment | $135,469 CAD | Total Assessment | $630,745 CAD |
Property Taxes
Parcel Number
28-30-06-939400-001101
Land Assessment
$135,469 CAD
Improvements Assessment
$495,276 CAD
Total Assessment
$630,745 CAD
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1143 State Road 60 E
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