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Property Information | Cushman & Wakefield | 41
REAL ESTATE TAXES
Parcel ID Number
20-2228-5255-01-093
2016 Tax Amount
$23,030*
Jurisdiction
City of Ocoee
*Does NOT include Non Ad Valorem Assessments
PROPERTY DESCRIPTION
The subject property consists of two contiguous
condominium units totaling 8,636 square feet (sf) within
an 18,402 sf, single-story, freestanding medical office
building. This is the only property in the portfolio that
shares a common wall with an adjacent occupant.
Lake Bennet Medical Centre II
1132 and 1134 Kelton Ave
Ocoee, FL 34761
West Colonial Drive
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Blackwood Avenue
Old Winter Garden Road
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ORIDA'S
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408
LEASE INFORMATION
Tenant
Orlando Health, Inc.
Rentable Square Feet
8,636 SF
Lease Commencement
March 1, 2017
Lease Expiration
February 29, 2024
Base Rental Rate
$20.00
Next Rental Increase Date March 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 except landlord
responsible for structural or major
repairs exceeding $2,500
*Outstanding TI will be credited to buyer at close of escrow