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Property Information | Cushman & Wakefield | 17
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REAL ESTATE TAXES
Parcel ID Number
07-22-31-8790-00-010
2016 Tax Amount
$46,623.77
Jurisdiction
Orange County
PROPERTY DESCRIPTION
9964 University Blvd is situated just off the 417, a heavily
traveled beltway surrounding the Orlando area. The two-
story, elevator-served, Mediterranean style building enjoys
excellent visibility and access. Located on a signalized
intersection next to a Walgreens, the building shares
a parking lot with this national pharmacy, providing a
high level of convenience for patients. The building also
provides convenience for the physicians, as they have
a separate entrance and parking area in the back of
the building, allowing quick ingress and egress for the
busy practice.
University Professional Building
9964 University Boulevard
Orlando, FL 32817
LEASE INFORMATION
Tenant
Orlando Health, Inc.
Rentable Square Feet
15,000 SF
Lease Commencement
November 1, 2017
Lease Expiration
October 31, 2024
Base Rental Rate
$20.00
Next Rental Increase Date November 1, 2018
Rental Increase Amount
3%
Lease Type
NNN
Outstanding TI Allowance $150,000*
Renewal Options
Four 5-year renewal options at FMV
Operating Expenses
Typical expenses passed through
to the tenant. Landlord responsible
for structural or major repairs
exceeding $2,500.
*Outstanding TI will be credited to buyer at close of escrow