NNN Pediatric Medical Office
1403 Medical Plaza Drive Sanford, FL 32771
1403 Medical Plaza Drive, Sanford, FL, 32771
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For Sale
Contact for pricing
Two medical office suites are fully leased under NNN terms with annual rent escalations to Pediatric Associates.
Property Size3,475 SF
Price / SF$346.19
Days on Market56
Property Features for 1403 Medical Plaza Drive
General Information
- Standard status
- Active
- Size
- 3,475 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1983
Listing agency
Peranich Huffman Net Lease Group
Listed by
Jonathan Peranich · License #9005448
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group
Investment Insights
Based on property information with market context.
This offering includes suites 104 and 105 at 1403 Medical Plaza Drive, presented as part of the Pediatric Associates Florida Portfolio. The properties in the portfolio are structured as net lease assets and are fully leased to Pediatric Associates under Triple Net (NNN) lease terms. The portfolio leases also include 3.00% annual rent escalations.
The portfolio is located across the Greater Orlando and Central Florida markets, with this Sanford, Florida property serving as one of six pediatric medical office locations. The presentation focuses on a single operator and an essential-service healthcare use within established suburban communities.
For investors or buyers seeking a healthcare-related, professionally managed tenancy, the key factor here is long-term lease structure to Pediatric Associates. With NNN responsibilities designed to minimize landlord obligations and contractual annual rent escalations, this asset provides a straightforward, tenant-backed healthcare office investment within the broader Florida portfolio.
The portfolio is located across the Greater Orlando and Central Florida markets, with this Sanford, Florida property serving as one of six pediatric medical office locations. The presentation focuses on a single operator and an essential-service healthcare use within established suburban communities.
For investors or buyers seeking a healthcare-related, professionally managed tenancy, the key factor here is long-term lease structure to Pediatric Associates. With NNN responsibilities designed to minimize landlord obligations and contractual annual rent escalations, this asset provides a straightforward, tenant-backed healthcare office investment within the broader Florida portfolio.
Key Highlights
- 1983‑built medical office building with suites 104 & 105 listed at 1403 Medical Plaza Dr, Sanford, FL 32771
- Both suites 104 and 105 are fully leased to Pediatric Associates under triple net (NNN) lease terms
- All leases include 3.00% annual rent escalations for built‑in contractual income growth
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $24.00 |
| − Vacancy | −$14.2k | −$4.08 |
| EGI | $69.2k | $19.92 |
| − OpEx | −$17.3k | −$4.98 |
| NOI | $51.9k | $14.94 |
3,475 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$741.7K
$649.0K – $865.3K
NOI $51,917 @ 7.0% cap · market cap 4.32%
Second Best
Healthcare Medical
$707.7K
$619.3K – $825.7K
NOI $49,540 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$988.9K
$865.3K – $1.15M
NOI $69,222 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
James Parker
Alternative Medicine Practice
Family Psychiatric Services
Hospital
Associates In Dermatology | Sanford
Physician
Pastis Nicholas J ...
Physician
Jn Gilles Josie ...
Physician
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FAQs
What type of property is this?
Medical center - Two medical office suites are fully leased under NNN terms with annual rent escalations to Pediatric Associates.
Where is this medical center located?
The property is located at 1403 Medical Plaza Drive Sanford, FL.
What is the asking price?
The asking price for this property is $1,203,000.
What are key features of this property?
This property features: 1983‑built medical office building with suites 104 & 105 listed at 1403 Medical Plaza Dr, Sanford, FL 32771; Both suites 104 and 105 are fully leased to Pediatric Associates under triple net (NNN) lease terms; All leases include 3.00% annual rent escalations for built‑in contractual income growth
