Value-Add Medical Center - Under New Ownership! || Buy Commercial Property in Altamonte Springs, Florida

616 E. Altamonte Drive

Altamonte Springs, FL 32701

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$1,474,700

17,313 SF

0.65 acres

Built in 1972

Contact Agents

Contact the Listing Agents

Ray Turchi
Senior Managing Director Investments
[email protected]

(407) 557-3847 (office)

(321) 297-6576 (mobile)

David Vaughan
First Vice President Investments
[email protected]

(407) 557-3829 (office)

(407) 718-2874 (mobile)

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Property Documents

Investment Highlights

17,313 SF Medical Office Building
Directly Across the Street from FL Hospital Altamonte | 383 Beds
Value-Add Opportunity | 37% Occupied
Pro Forma Cap Rate is Based on Getting Property to 85% Occupancy
126 Feet of Direct Frontage on Altamonte Drive | Benefits from 58,000 Vehicles Daily
New Altamonte I-4 Access Draws Growth
Close Proximity to First-Class Shopping and Restaurants in Uptown Altamonte and Altamonte Mall
Approximately One Mile to Interstate 4 Ramp

Key Metrics

Cap Rate Current Year: 3.35%

Cap Rate Year 1: 11.95%

Price/ SF $103.68

Listing Agents:

Ray Turchi

(407) 557-3847

(407) 557-3829