Altamonte Medical Office || Buy Commercial Property in Altamonte Springs, Florida

Altamonte Medical Office

106 Boston Avenue

Altamonte Springs, FL 32701

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$5,250,000

28,411 SF

1.59 acres

1 buildings

2 stories

Built in 1976

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

•28,411 SF Multi-Tenant, Two-Story Medical Office Building Located in the Orlando MSA

•87 Percent Occupied

•Situated on 1.59 Acres

•95 Parking Spaces | Parking Ratio of 4.12/1,000 Useable SF

•Additional Parking Spaces Available With Purchase of Adjacent Lot

•Twelve New A/C Units 2020 and 2021

•New Roof and Drainage System 2021

•New Bathrooms and Towelette in all Common Areas

•Improvements Made by Owner Over $1MM

•Concrete Block and Stucco Construction

•Directly Across From AdventHealth Altamonte Springs

Key Metrics

Cap Rate Current Year: 6.65%

Cap Rate Year 1: 7.67%

Leveraged Cash-on-Cash Return Current Year: 7.92%

Leveraged Cash-on-Cash Return Year 1: 11.32%

DSCR (Current) 1.56

DSCR (Year 1) 1.79

Price/ SF $184.79

Listing Agents:

Ray Turchi

(407) 557-3847

David Vaughan

(407) 557-3829