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80 W Michigan St 9,300 SF Office Building Orlando, FL 32806 $7,818,272 CAD ($840.67 CAD/SF) 5.07% Cap Rate
Investment Highlights
- Great location South of downtown with good access to I-4.
- First Time on Market
- Constructed in 2010
Executive Summary
Neighboring the heart of Orlando Health’s Flagship Campus, this purpose-built single-tenant medical office (MOB) is 100% Leased. This site is located within the special plan designation (the “SODO” Plan Area). This overlay put forth by the City of Orlando was designed to “encourage redevelopment, create a highly visible and memorable node of activity and establish the intersection of Division Avenue and Kaley Street as the western gateway to the “South Downtown Subarea”. Offering Memorandum available upon execution of Non-Disclosure Agreement.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,300 SF
Building Class
C
Year Built
2010
Price
$7,818,272 CAD
Price Per SF
$840.67 CAD
Cap Rate
5.07%
NOI
$396,009 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,300 SF
Building FAR
0.22
Lot Size
0.99 AC
Zoning
I-G/SP
Amenities
- Bus Line
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-2329-1184-02-090 | Improvements Assessment | $4,383,601 CAD |
| Land Assessment | $1,004,976 CAD | Total Assessment | $5,388,577 CAD |
Property Taxes
Parcel Number
02-2329-1184-02-090
Land Assessment
$1,004,976 CAD
Improvements Assessment
$4,383,601 CAD
Total Assessment
$5,388,577 CAD
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80 W Michigan St
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