South Orlando Medical Plaza Trades

Dec 06, 2017 No Comments by

Transwestern closed the $2 million sale of Royal Oaks Plaza, a 15,782-square-foot, single-story, multi-tenant medical office building at 2105 Hartwood Marsh Road in Clermont.

Transwestern Managing Director John Bell marketed and led the sale of the asset on behalf of a special servicer. Royal Oaks Medical Plaza LLC acquired the property.

 

“Royal Oaks Plaza received multiple bids from established investors, new-to-market buyers, and both residential and commercial brokers,” said Bell. “Clermont is one of the fastest-growing communities in Orlando, so it was only natural that the response from investors resulted in a competitive bidding process, with all eager to acquire an asset housing dominant small medical providers.”

Currently 73.5 percent occupied with a majority of long-term leases from established tenants, Royal Oaks Plaza offers the buyer, a private investor, the security of established in-place income along with two vacant spaces totaling 4,182-square-feet that are built-out and ready for immediate occupancy.

According to a recent report by Real Capital Analytics, year-to-date sale transaction volume in Orlando’s office market from private buyers was up to 37 percent compared to 26 percent from the previous year.

The property is situated on 1.65 acres at the intersection of U.S. Highway 27 and Hartwood Marsh Road.

 

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