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Property Information | Cushman & Wakefield | 35
REAL ESTATE TAXES
Parcel ID Number
32-20-30-510-080F-0000
2016 Tax Amount
$34,218.18*
Jurisdiction
City of Longwood
*Does NOT include Non Ad Valorem Assessments
PROPERTY DESCRIPTION
The subject property is located approximately one mile
from Orlando Health’s South Seminole Hospital. The
building is extremely visible from the heavily-trafficked SR
434, a four-lane roadwaywith a center turn lane. The 2-story,
elevator-served building has an attractive Mediterranean
style architecture, and is occupied by Physician Associates
Ob/Gyn, Primary Care, and Pediatrics.
Lake Evergreen Professional Building
550 East State Road 434
Longwood, Florida 32750
Rangeline Road
E.E. Williamson Road
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LEASE INFORMATION
Tenant
Orlando Health, Inc.
Rentable Square Feet
11,550 SF
Lease Commencement
June 1, 2017
Lease Expiration
May 31, 2024
Base Rental Rate
$19.00
Next Rental Increase Date June 1, 2018
Rental Increase Amount
2.5%
Lease Type
NNN
Outstanding TI Allowance TBD*
Renewal Options
Three 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