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JLL Capital Markets (“JLL”) is pleased to exclusively offer the opportunity to acquire 2450 Maitland Office & Surgery Center (the “Property”), a 41,275 square foot multi-tenant office building located in Orlando’s Maitland Center submarket. 2450 Maitland Office & Surgery Center is a 3-story office building that was constructed in 2000 and offers a 4.1 per 1,000 SF parking ratio. This asset is currently 90.2% leased and anchored by Mattamy Homes and Park Place Surgery Center, who occupy 41% and 19% of the building, respectively. This offering represents the rare opportunity to acquire a newly renovated office building anchored by a medical surgery center and homebuilder with significant cash flow.
The Property is centrally located in the heart of Orlando providing easy access and a short commute for executive level, white collar and blue collar employees alike. The Property sits less than seven miles from downtown Orlando, less than three miles from Downtown Winter Park and less than 15 miles from the Orlando International Airport, making it a prime destination for employers. Orlando continues to benefit from the “Great Migration” that is taking place in the United States bringing more businesses and residents to the state of Florida at record numbers. Combined with the rising replacement costs of new construction and a robust Orlando business community, 2450 Maitland Office & Surgery Center offers a tremendous value opportunity for savvy investors.
- COMMITTED ANCHOR TENANTS - PARK PLACE SURGERY CENTER (EXP. JAN-29) AND MATTAMY HOMES (EXP. MAY-25)
- LONG TERM STABILITY COUPLED WITH UPSIDE POTENTIAL
- ABUNDANT 4.1/1,000 SF PARKING INCLUDING COVERED PARKING
- LIMITED FUTURE CAPITAL NEEDS
- SIGNIFICANT DISCOUNT TO REPLACEMENT COST
- LOCATED IN MAITLAND CENTER SUBMARKET WITH EXCEPTIONAL CONNECTIVITY
- ORLANDO MSA EXPERIENCING STRONG FUNDAMENTALS
- MEDICAL OFFICE TENANT PAYING ATTRACTIVE RENT