NNN Pediatric Medical Office
For Sale
Contact for pricing
Pending
1601 Park Center Drive, Orlando, FL 32835
Fully leased pediatric medical office suites offered under triple-net terms with annual rent escalations.
Property Size2,576 SF
Days on Market75
Property Features for 1601 Park Center Drive
General Information
Standard status
Pending
Size
2,576 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$59,726
Building Details
Year Built
2002
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Jonathan Peranich · License #617210
Source:
Crexi
Added: May 28
Changed: Aug 9
Last Checked: Aug 9 at 1:36PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,107
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,140
$962.1K
Cap Rate 7%
$687,243
$687.2K
Cap Rate 9%
$534,522
$534.5K
Market Conditions
NOI Build-Up for 2,576 SF
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.
Gross rent
$77.3K $30.00/SF
− Vacancy
−$13.1K −$5.10/SF
EGI
$64.1K $24.90/SF
− OpEx
−$16.0K −$6.23/SF
NOI
$48.1K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,140
Cap Rate 7%
$687,243
Cap Rate 9%
$534,522
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,232
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
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.
