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1143 State Road 60 E 3,052 SF Office Building Lake Wales, FL 33853 $923,197 CAD ($302.49 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.
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
$923,197 CAD
Price Per SF
$302.49 CAD
Cap Rate
7.90%
NOI
$72,933 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
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 28-30-06-939400-001101 | Improvements Assessment | $495,302 CAD |
| Land Assessment | $135,476 CAD | Total Assessment | $630,778 CAD |
Property Taxes
Parcel Number
28-30-06-939400-001101
Land Assessment
$135,476 CAD
Improvements Assessment
$495,302 CAD
Total Assessment
$630,778 CAD
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1143 State Road 60 E
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