RAD Portfolio OM

PROPERTY DESCRIPTION 725 Rodel Cove is a free-standing medical office built on a condominium pad site within the Stirling Center, a professional and medical office park containing 15 individual buildings. The property has frontage on busy Rinehart Road, with excellent visibility and access. The building is occupied by Physician Associates Orthopedics, Primary Care, and Pediatrics. H . E . T h o m a s J r . P a r k w a y

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T i m a c u a n B o u l e v a r d

Lake Mary Professional Building 725 Rodel Cove Lake Mary, FL 32746

Rinehart Road

LEASE INFORMATION

Tenant

Orlando Health, Inc.

Rentable Square Feet

14,000 SF

Lease Commencement

August 1, 2009

Lease Expiration

July 31, 2019

Base Rental Rate

$34.22

Next Rental Increase Date August 1, 2018

Rental Increase Amount

4.0%

Lease Type

NNN

Outstanding TI Allowance None

Renewal Options

One 10-year renewal option at FMV

All typical expenses passed through to the tenant

Operating Expenses

REAL ESTATE TAXES

Parcel ID Number

06-20-30-513-0000-0040

2016 Tax Amount

$38,283.00

Jurisdiction

City of Lake Mary

Property Information | Cushman & Wakefield | 29