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Plaza Del Prado Office

140 N. Westmonte Drive, Altamonte Springs, Florida 32714
Plaza Del Prado Office

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
14,514 sqft
Land Size
1.02 acres
Zoning
GO - General Office
Year Built
1982
Parking
63 Total Spaces*
Renovated:
2021

Property Description

Located at 140 North Westmonte Drive, this 14,514 SF two-story office building presents an attractive owner-user opportunity within the Orlando market. Positioned one block from a major I-4 interchange, the property offers excellent accessibility for patients, employees, and clients.

A significant portion of the building (56%) is currently leased to United Healthcare Services, Inc. (Optum), a national, creditworthy medical tenant. The in-place lease generates stable rental income that subsidizes the cost of ownership and occupancy for an owner-user, resulting in a materially lower net cost of occupying the building compared to leasing or owning a fully owner-occupied property.

The remaining vacant suites are delivered in shell condition, allowing a buyer to design and build out space tailored to their specific medical or professional use. The property offers an owner-user control of its real estate and long-term equity, with in-place rental income helping subsidize a portion of ownership costs.

*Optum Health has 8 reserved parking spaces in rear of building

Location

Contact

David Hungerford, CCIM, SIOR
David Hungerford, CCIM, SIOR
Saunders Real Estate
Office: (863) 648-1528
[email protected]
Joey Hungerford
Joey Hungerford
Saunders Real Estate
Office: (877) 518-5263 ext. 348
[email protected]