RAD Portfolio OM

M o n t g o m e r y Av enue

S o u t h C l a r k e R o a d

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PROPERTY DESCRIPTION The subject property consists of two contiguous condominium units totaling 8,636 square feet (sf) within an 18,402 sf, single-story, freestanding medical office building. This is the only property in the portfolio that shares a common wall with an adjacent occupant.

K e l t o n A v e n u e

West Colonial Drive

Lake Bennet Medical Centre II 1132 and 1134 Kelton Ave Ocoee, FL 34761

Old Winter Garden Road

Blackwood Avenue

ORIDA'S RNPIKE

408

LEASE INFORMATION Tenant

Orlando Health, Inc.

Rentable Square Feet

8,636 SF

Lease Commencement

March 1, 2017

Lease Expiration

February 29, 2024

Base Rental Rate

$20.00

Next Rental Increase Date March 1, 2018

Rental Increase Amount

2.5%

Lease Type

NNN

Outstanding TI Allowance TBD*

Renewal Options

Three 5-year renewal options at FMV

Typical expenses passed through to the tenant except landlord responsible for structural or major repairs exceeding $2,500

Operating Expenses

*Outstanding TI will be credited to buyer at close of escrow

REAL ESTATE TAXES Parcel ID Number

20-2228-5255-01-093

2016 Tax Amount

$23,030*

Jurisdiction

City of Ocoee

*Does NOT include Non Ad Valorem Assessments

Property Information | Cushman & Wakefield | 41