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121-189 S Orange Ave
Orlando, FL 32801
The Chase Plaza · Office Property For Sale
·
500,000 SF
Executive Summary
The property is fully leased to a regional, multi-location nonprofit healthcare operator operating under a 501(c)(3) structure. The tenant maintains established operations in Central Florida and has been in continuous operation for over six years. - Tenant has 3 locations, and revenue is on the rise. According to publicly available IRS Form 990 filings, the tenant has demonstrated strong and improving financial performance over recent years. The organization reported approximately $7.6 million in revenue and a positive net operating income of approximately $2.8 million in 2024. Buyers are encouraged to verify all financial information independently. The lease is structured as an Absolute NNN lease with 3% annual rent escalations. As of January 2026, base rent is $14,331 per month ($171,973 annually), exclusive of NNN charges. The tenant has no history of late or missed rent payments under the current lease. This financial profile, combined with the tenant’s nonprofit structure, healthcare use, and long-term Absolute NNN lease, supports income durability and reduced tenant credit risk throughout the remaining lease term and renewal options. Additional tenant financial information, including link to the financial statements available on the public domain, will be made available upon execution of a confidentiality agreement.
1 Unit Available
Unit 1830-50 S
| Unit Size | 6,445 SF | NOI | $234,254.71 CAD |
| Condo Use | Office | Sale Conditions | 1031 Exchange |
| Sale Type | Investment | APN/Parcel ID | 26-22-29-7157-18-300 |
| Cap Rate | 8.25% |
| Unit Size | 6,445 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| NOI | $234,254.71 CAD |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 26-22-29-7157-18-300 |
Description
Fully leased - Absolute NNN Lease
Long-term lease through 2031 with 3% annual rent increases
Two (2) additional 5-year renewal options
High-end build-out with glass-line offices, executive boardroom, and reception
Impressive floor-to-ceiling views of Downtown Orlando
24/7 access, security, covered parking, and direct access to restaurants and retail within The Plaza
Convenient access to I-4 Corridor, Florida Turnpike, and Florida’s 429, 417, 528, 414, and 408 Expressways.
Downtown Orlando is home to the Dr. Phillips Performing Arts Center, Amway Center, Orlando Lions Soccer Stadium, and Camping World Stadium.
Property Facts
| Total Building Size | 500,000 SF | Floors | 21 |
| Property Type | Office (Condo) | Typical Floor Size | 1,900 SF |
| Property Subtype | Office/Residential | Year Built | 2006 |
| Building Class | B | Lot Size | 2.19 AC |
| Zoning | AC-3A/T/HP - High-density downtown business district | ||
| Total Building Size | 500,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 21 |
| Typical Floor Size | 1,900 SF |
| Year Built | 2006 |
| Lot Size | 2.19 AC |
| Zoning | AC-3A/T/HP - High-density downtown business district |
Amenities
- 24 Hour Access
- Banking
- Controlled Access
- Conferencing Facility
- Courtyard
- Food Service
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Outdoor Seating
- Air Conditioning
