ScionHealth 40 Yr Ground Lease | 9.7% Avg Cap
70,000 SF | 4-Star Office Building | Orlando, FL 32819 | $15,652,174 ($224/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $15,652,174
- Property Type
-
Office, Retail
- Square Feet
- 70,000 SF
- Price / Square Foot
- $224
Listing Contacts
Ryan Burke
Verified Profile
Rahul Chhajed
Verified Profile
Michael Moreno
Verified Profile
Jake Allen
Verified Profile
- Property Info
Property Overview
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Details
- Class
- A
- Stories
- 3
- Property Subtype
- Medical, Grocery/Convenience Store, Drug Store
- Lot Size (sq. ft)
- 239,144 SF
Highlights
- 1.50% Co-Op Buyside Fee Available
- NATIONAL HEALTH SYSTEM – ScionHealth was formed in 2021 after the merger of Kindred Health and Life Point Health under Apollo Global Management.
- PRIVATE EQUITY BACKING – ScionHealth is part of the Apollo Global Management portfolio, which has $74.2B in assets under management.
- PASSIVE OWNERSHIP – Maintain completely passive income with this absolute NNN lease. With zero landlord responsibilities
- LONG-TERM COMMITMENT – ScionHealth has shown a strong commitment to this location by signing a 40 year ground lease with options
- FAVORABLE RETURN – The average cap rate over the 40 year base term falls at an estimated 9.69% using an average CPI inflation of 2.50%
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