NNN Pediatric Medical Office
1601 Park Center Drive Orlando, FL 32835
1601 Park Center Drive, Orlando, FL, 32835
Contact for pricing
For Sale
Contact for pricing
Fully leased pediatric medical office suites offered under triple-net terms with annual rent escalations.
Property Size2,576 SF
Price / SF$345.89
Days on Market56
Property Features for 1601 Park Center Drive
General Information
- Standard status
- Active
- Size
- 2,576 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2002
Listing agency
Peranich Huffman Net Lease Group
Listed by
Jonathan Peranich · License #9005448
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 1:22PM
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 pediatric medical office suites 6B and 6C at 1601 Park Center Drive. The property is leased under Triple Net (NNN) structures, placing responsibility for property-level expenses on the tenant and reducing landlord obligations.
The suites are part of the Pediatric Associates Florida portfolio, positioned across Greater Orlando and Central Florida markets. Pediatric Associates leases these locations on a fully leased basis, and the leases include 3.00% annual rent escalations.
Pediatric Associates is described in the materials as the largest pediatric practice management company in the United States, with a Moody’s B2 corporate family rating and stable outlook. With operations dating to 1955 and a platform supporting recurring pediatric care, the tenancy is structured around the essential-service nature of pediatric healthcare. For investors seeking an NNN medical office asset aligned with an established pediatric provider, suites 6B and 6C offer a straightforward, fully leased profile with contractual annual rent growth.
The suites are part of the Pediatric Associates Florida portfolio, positioned across Greater Orlando and Central Florida markets. Pediatric Associates leases these locations on a fully leased basis, and the leases include 3.00% annual rent escalations.
Pediatric Associates is described in the materials as the largest pediatric practice management company in the United States, with a Moody’s B2 corporate family rating and stable outlook. With operations dating to 1955 and a platform supporting recurring pediatric care, the tenancy is structured around the essential-service nature of pediatric healthcare. For investors seeking an NNN medical office asset aligned with an established pediatric provider, suites 6B and 6C offer a straightforward, fully leased profile with contractual annual rent growth.
Key Highlights
- 2002‑built medical office suites at 1601 Park Center Dr, Orlando, FL 32835 (Suites 6B & 6C).
- Fully leased to Pediatric Associates under triple‑net (NNN) lease terms.
- 3.00% annual rent escalations included in all six leases within the portfolio.
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 | $77.3k | $30.00 |
| − Vacancy | −$13.1k | −$5.10 |
| EGI | $64.1k | $24.90 |
| − OpEx | −$16.0k | −$6.23 |
| NOI | $48.1k | $18.67 |
2,576 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$687.2K
$601.3K – $801.8K
NOI $48,107 @ 7.0% cap · market cap 5.40%
Second Best
Healthcare Medical
$524.6K
$459.0K – $612.1K
NOI $36,723 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$829.8K
$726.1K – $968.1K
NOI $58,087 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dynamic Pharma Group
Factory
TrackTraceRX
(Bike/Boat/Book/etc) Store
Ear Nose Throat ...
Medical Clinic
Dentist Dr. Sonia ...
Dental Office
Central Florida Audiology
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Kirkman Animal Hospital — 5633 Metrowest Blvd, Orlando, FL 32811
- MetroWest Veterinary Clinic — 2413 S Hiawassee Rd, Orlando, FL 32835
- Philip Callahan — 2413 s hiawassee rd, orlando, fl 328356346
- Philip Callahan DVM — 2413 S Hiawassee Rd, Orlando, FL 32835
- Christine Jenkins - MetroWest Veterinary Clinic — 2413 S Hiawassee Rd, Orlando, FL 32835
FAQs
What type of property is this?
Medical Office Space - Fully leased pediatric medical office suites offered under triple-net terms with annual rent escalations.
Where is this medical office space located?
The property is located at 1601 Park Center Drive Orlando, FL.
What is the asking price?
The asking price for this property is $891,000.
What are key features of this property?
This property features: 2002‑built medical office suites at 1601 Park Center Dr, Orlando, FL 32835 (Suites 6B & 6C).; Fully leased to Pediatric Associates under triple‑net (NNN) lease terms.; 3.00% annual rent escalations included in all six leases within the portfolio.
