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CENTRAL FLORIDA MEDICAL OFFICE REPORTCushman & Wakefield Healthcare Practice Group
2017
Cushman & Wakefield 1
Welcome to the fourth edition of Cushman & Wakefield’s Central Florida Medical Office Report. This comprehensive report covers all space in the market dedicated to outpatient medical services, including owner-occupied and multi-tenant medical office buildings, community clinics, imaging centers, ambulatory surgery centers and specialized outpatient treatment facilities. If a property caters to both office and medical users, it must have at least half existing medical tenancy to be included in the inventory.
This comprehensive report will be published annually, with a basic market update published quarterly. It is prepared by Anne Spencer and Cushman & Wakefield’s Healthcare Practice Group. She brings over 10 years experience to the healthcare advisory platform.
Cushman & Wakefield’s Healthcare Practice Group is a national platform of real estate professionals with a focus on the sales, leasing, valuation, management and financing of healthcare properties around the US including: medical office, assisted living, skilled nursing and hospital facilities.
Medical Office ReportCUSHMAN & WAKEFIELD
Cushman & Wakefield of Florida, Inc. 20 North Orange Avenue Suite 300Orlando, FL 32801cushmanwakefield.com
Anne SpencerDirector, Healthcare Practice Group anne.spencer@cushwake.com +1 407 541 4434floridamedicaloffice.com
Table of ContentsMarket Commentary
Hospital Map
Hospital ClustersOrlando Health
Adventist Health
Central Florida Health Alliance
St. Cloud Regional Medical Center
HCA
Medical City at Lake Nona
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CUSHMAN & WAKEFIELD 32
HOSPITALS
Florida’s fast growing population is fueling hospital expansions. As in past years, 2017 will see this trend continue with the “big three” healthcare systems competing for market share. Part of their growth stems from the evolving way healthcare is delivered to patients. The focus is now on providing convenient access as well as an attention on overall life improvement and wellness communities. These changes are reflective in the new ways they are executing their real estate strategies, including the establishment of medical office buildings (MOB).
Orlando Health
In Orange County, Orlando Health is showcasing moves toward wellness communities by developing a “Health Pavilion” in the Dr Phillips area. It delivered in late 2016, with new tenants taking occupancy 1st quarter 2017. The Spring Lake Health & Living Campus is a full service, outpatient facility with primary care, specialists, imagining, laboratory services, pharmacy and a café, all housed in a 60,000 square feet (SF) MOB. In addition, an adjacent 180-bed senior housing
complex is under construction and slated to finish later this year.
Leesburg in Lake County will see the next Health Pavilion at Blue Cedar. The 30,000 SF facility will contain a freestanding emergency room (ER), outpatient imaging, lab and medical offices and is scheduled to open later this year. Also in Lake County, Orlando Health broke ground on the Joe H. and Loretta Scott Health Pavilion at Southlake, located in the busy 4 Corners area south of Orlando. These three health pavilions are the first of several Orlando Health is planning for future development.
In West Orange County, Orlando Health is staking a big claim to the area, having
completed its 60,000 SF MOB known as Summerport. Physicians in the building are now seeing patients and the building is almost fully occupied. In the Horizon’s West development, Orlando Health is under construction on a 78,000 SF freestanding ED, a 2-story building with 10 patient beds on the first floor and medical office space on the second. Plans call for a full acute care hospital to be built in phase two, although a timeline has not
been announced. In Ocoee, Health Central hospital has completed its expansion of their emergency department and additional patient tower, which added 40 additional beds.
In another bold move to increase market share, Orlando Health announced this year an affiliation with Lakeland Regional Medical Center, the 5th largest hospital in the state. The affiliation is slated to take effect in the Fall of 2017.
Florida Hospital
Florida Hospital will focus in 2017 on the very young and the very old. For seniors, two assisted living projects are currently in the
MARKET COMMENTARY AND STATISTICS
SUBMARKET TOTAL INVENTORY (SF)
TOTAL VACANT (SF)
DIRECT VACANCY
DIRECT NNN RENTAL RATE
ABSORPTION 2016 (SF)
Central Orange 4,615,179 137,376 3.0% $16.32 38,714
East Orange 636,507 77,426 12.2% $20.26 16,321
West Orange 1,481,890 57,015 3.8% $18.50 153,111
Orange County 6,733,576 271,817 4.0% $17.90 208,146
Seminole 2,299,437 185,462 8.1% $16.32 14,120
Osceola 1,634,608 209,362 12.8% $21.91 92,705
Lake 1,489,508 64,659 4.3% $16.15 83,403
TOTAL 12,157,129 731,300 6.0% $19.12 398,374
On Campus 4,424,030 258,031 5.8% $17.72 70,248
Off Campus 7,733,099 473,269 6.1% $19.89 328,126
TOTAL 12,157,129 731,300 6.0% $19.12 398,374
STATS ON THE GO 1Q16 1Q17 12-MONTH FORECAST
Overall Vacancy 8.8% 6.0% qDirect Asking Rents (PSF/MO) $17.12 $19.12 pNet Absorption 68,218 100,190
final planning stages and will be completed within the next twelve to eighteen months. In Apopka, a senior living community for 400 residents on the site of the old Apopka hospital campus is underway. In Celebration, Florida Hospital is constructing a 120-bed skilled nursing facility, known as the Adventist Care Center. The two-story, 85,000 SF facility is scheduled to open in April of 2018.
On the other end of the age spectrum, Florida Hospital is growing the network of neonatal intensive care units (NICU’s) by expanding facilities for women and children in central Orlando, including adding new NICU’s in both Celebration and Altamonte.
Florida Hospital’s largest project is their new 120-bed hospital campus being built in Apopka. The new facility will be seven stories in 200,000 SF about three miles southwest of their current campus. It is scheduled to open this fall.
In Winter Garden, the system broke ground on a new, 72,000 SF MOB on the campus of their freestanding ER. The next phase will be a 7-story, 120-bed in-patient tower, which will break ground in 2018.
In Winter Park, Florida Hospital is partnering with the Winter Park Foundation to rebuild and expand the much-loved Crosby YMCA. The 80,000 SF facility will be called the Center for Health and Wellbeing. The Central Florida YMCA and Florida Hospital will partner in operating the facility, which will focus on combining wellness, fitness and medicine.
Florida Hospital continues to develop freestanding ER’s with an 18,500 SF one expected to open in later 2017 in East Orlando, only 4.5 miles from their East campus.
HCA
HCA may still be the smallest of the three, but the hospital system is making bold and strategic moves in Central Florida. The biggest event is their partnership with the University of Central Florida (UCF). In 2016. UCF announced it chose HCA as their partner to build a 100-bed teaching hospital in Lake Nona. This won unanimous approval from the Florida Board of Governors. The new facility will be adjacent to UCF’s college of medicine; delivery date has not yet been determined.
HCA is pushing into Volusia County with plans for a freestanding ER in Deltona. The facility is expected to complete at the end of 2017. Another area HCA is growing is their urgent care platform, Care Now. The first Care Now opened early 2017 in Winter Springs, with plans for a handful of additional locations over the next 12-18 months.
Physician Groups
Acquisition by hospital systems for physician groups will continue, although the trend appears to be slowing. Physicians who choose to remain independent are partnering with other like-minded groups, or working under larger, management umbrellas. These independent groups
many times choose to own or build their own facilities versus leasing. This may explain why the only MOB construction we continue to see is by either hospital systems (to house their employed physician groups) or by large, independent physician groups as owner-occupiers. This year should see an increase in new construction by both of these types of groups, many of which will have some type of specialty component, such as cancer or surgery centers.
The only non-hospital or physician related MOB under construction is a mixed use project that contains a mix of medical and professional office uses.
Investor Activity
Acquisition and interest by Real Estate Investment Trusts (REITs) in Central Florida for MOB’s picked up over the past year, but was still low compared to nationwide statistics. In Central Florida, Healthcare Realty Trust was the most active REIT in the area, followed by Global Medical REIT and Mohawk Medical. Private investor activity has been more prevalent, but that’s likely due to the ability to acquire smaller MOBs in the $3,000,000 and under range. REITs focused on larger more institutional assets over $5 million.
Cap rates continue to fall in the MOB sector, especially for hospital-credit tenants. Even with small assets (under 20,000 SF) that are off-campus, cap rates are pushing just below 7%.
Vacancy Vs. Absorption
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100,000
200,000
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400,000
500,000
600,000
2011 2012 2013 2014 2015 2016
Net Absorption Vacancy
Central Orange
42%
East Orange6%
West Orange12%
Seminole20%
Osceola11%
Lake9%
Medical Office Inventory by Submarket
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FLORIDA COUNTYWIDE HOSPITAL LOCATOR MAP
Cushman & Wakefield of Florida, Inc. 20 North Orange Avenue Suite 300 Orlando, FL 32801
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FLORIDA'STURNPIKE
Orlando
Leesburg
Kissimmee
Lake Mary
ORANGECOUNTY
EAST ORANGE SUBMARKET
WEST ORANGE SUBMARKET
CENTRAL ORANGE SUBMARKET
OSCEOLACOUNTY
SEMINOLECOUNTY
LAKECOUNTY
Central Florida Regional HospitalOsceola Regional Medical CenterPoinciana Medical CenterHunter’s Creek ERCOviedo ERCHunter’s Creek ER
Florida Hospital OrlandoFlorida Hospital AltamonteFlorida Hospital ApopkaFlorida Hospital Celebration HealthFlorida Hospital East OrlandoFlorida Hospital KissimmeeFlorida Hospital WatermanWinter Park Memorial HospitalFlorida Hospital Winter Garden
Florida Hospital Waterford Lakes ER
Florida Hospital Lake Mary ER
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Leesburg Regional Medical Center
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UCF Health Sciences Campus1
Medical City
Sanford-Burnham at LaNona3
2Burnett Biomedical Sciences Campus
Nemours4
VA Medical Center6
5UF Research & Academic Center
7MD Anderson Orlando Cancer Research Institute
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St. Cloud Regional Medical Center
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Arnold Palmer Hospital for Children & WomenOrlando Regional Medical CenterWinnie Palmer Hospital for Women & BabiesUF Health Cancer Center OrlandoDr. P. Phillips HospitalSouth Seminole HospitalSouth Lake HospitalHealth Central HospitalHealth Pavillion at Blue Cedar ERJoe H. and Loretta Scott Health Pavilion at Southlake ER
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Anne Spencer Director, Healthcare Practice Group anne.spencer@cushwake.com +1 407 541 4413
CUSHMAN & WAKEFIELD 76
W. Columbia Street
Orang
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Kaley Street
Divisio
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E. Gore Street
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ORMC - Orlando1414 Kuhl Avenue Orlando, FL 32806
• 808 beds
• Full service medical/surgical facility
• Orlando Health hospital system
• Private, non-profit, community-based health system
• Central Florida’s only level one trauma center
www.orlandohealth.com/orlandoregionalmedicalcenter
UF Health Cancer Center1400 S. Orange Avenue, Orlando, FL 32806
• 60 beds
• 10-story comprehensive multidisciplinary cancer center
www.orlandohealth.com/mdanderson
Arnold Palmer Hospital For Children92 W. Miller Street, Orlando, FL 32806
• 158 Beds
• Pediatrics hospital
• Orlando Health hospital system
• Only Central Florida hospital with a dedicated pediatric emergency and trauma department
• Home of Congenital Heart Institute
www.orlandohealth.com/arnoldpalmerhospital
Winnie Palmer Hospital Women & Babies83 W. Miller Street, Orlando, FL 32806
• 285 beds
• Third largest birthing center in the U.S.
• Complete ob/gyn care
• Fourth largest level IV NICU in the US
www.orlandohealth.com/winniepalmerhospital
1 | ORLANDO HEALTHORMC | UF HEALTH CANCER CENTER
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# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 93 W. Columbia St. 93 W. Columbia St., Orlando, FL 52,908 100.00% NA Owned by Orlando Health
4 1315 S. Orange Ave. 1315 S. Orange Ave., Orlando, FL 30,000 100.00% NA Condos Individually Owned
5 Columbia Street Medical Center 21 W. Columbia St., Orlando ,FL 32,665 100.00% NA Owned by Orlando Health
6 89 Copeland Dr. 89 Copeland Dr., Orlando, FL 28,804 100.00% NA Owned by Orlando Health
7 Underwood 77 Medical Building 77 W. Underwood St., Orlando, FL 18,500 100.00% NA Owned by Orlando Health
8 Orlando Professional Center - Building 1 1720 S. Orange Ave., Orlando, FL 18,297 78.60% $22 MG Owned by HCP
9 1300 S. Kuhl Ave. 1300 S. Kuhl Ave., Orlando, FL 14,469 100.00% NA Owned by Orlando Health
10 Thorsen Building 1414 Kuhl Ave. Orlando, FL 53,443 100.00% NA Owned by Orlando Health
11 1222 S. Orange Ave. 1222 S. Orange Ave., Orlando, FL 284,169 100.00% NA Owned by Orlando Health
12 Winnie Palmer Surgical Pretesting 1301 Sligh Blvd., Orlando, FL 4,610 100.00% NA Owned by Orlando Health
2. Orlando Professional Center - Building 2 22 W. Lake Beauty Dr., Orlando, FL 32806
Total SF% LeasedAsking Rent Notes
30,42790.60%$22.00 MGThree suites available; Holladay Properties is the listing agent.
1. Orlando Medical Plaza - Building 1000 1405 S. Orange Ave., Orlando, FL 32806
Total SF% LeasedAsking Rent Notes
38,71574.40%$16.00 NNNUp to 6,600 SF available; RJ King is the listing agent.
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ON CAMPUS MEDICAL OFFICE BUILDINGS
CUSHMAN & WAKEFIELD 98
E. State Road 434 434434
427
S. Ronald R
eagan Boulevard
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# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 Physician Associates Central Florida 7472 Docs Grove Cir., Orlando, FL 15,411 100.00% NA Owner occupied
4 SW Orlando Family Medicine 7400 Docs Grove Cir., Orlando, FL 7,876 100.00% NA Owner occupied
5Lake View Medical Park - Lakeview GI Center
7448 Docs Grove Cir., Orlando, FL 10,494 100.00% NA Medical office condos
6 Sand Lake Imaging 9350 Turkey Lake Rd., Orlando, FL 14,892 100.00% NA
7 Orlando Heart Center 7236 Stonerock Cir., Orlando, FL 9,851 100.00% NA Owner occupied
8 Sand Lake Medical Park 7301 Stonerock Cir., Orlando, FL 10,028 100.00% NA Sand Lake Cancer Center
9Orofacial & Dental Implant Surgery Associates
7352 Stonerock Cir., Orlando, FL 5,113 100.00% $21.00 NNN
10Sand Lake Medical Park - Women's Care Florida
7200 Stonerock Cir., Orlando, FL 7,209 100.00% NA Owner occupied
11 Sand Lake Physicians Building 9430 Turkey Lake Rd., Orlando, FL 28,878 100.00% NA Medical office condos
12 Sand Lake Surgery Center
7477 Sand Lake Commons Blvd., Orlando, FL 16,976 100.00% NA
W. Sandlake Road
Martin Anderson Beachline Expressway
International D
r ive Universal Boulevard
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Dr. P. Phillips Hospital9400 Turkey Lake Road, Orlando, FL 32819
• 237 beds
• Full service medical/surgical facility
• Orlando Health hospital system
• Private, non-profit, community-based health system
www.orlandohealth.com/drpphillipshospital
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1 | ORLANDO HEALTHDR. PHILLIPS HOSPITAL
1. Sand Lake Commons - Medplex B 7350 Sand Lake Commons Blvd., Orlando, FL 32819
Total SF% LeasedAsking Rent Notes
66,00075.80%$17.00 NNN - 25.00 MGMedical office condos
2. Sand Lake Commons - Medplex A 7300 Sand Lake Commons Blvd., Orlando, FL 32819
Total SF% LeasedAsking Rent Notes
66,00085.40%$17.00 NNNMedical office condos; Health America Realty is agent.
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 451 Milwee St. 451 Milwee St., Longwood, FL 11,899 100.00% NA
4 450 W. S.R. 434 450 W. S.R. 434, Longwood, FL 19,605 100.00% NA
5 ProMed Center 225 W. S.R. 434, Longwood, FL 15,800 100.00% NA
6 451-455 W. Warren Ave.
451-455 W. Warren Ave., Longwood, FL 23,139 49.80% $13.00 NNN Holladay Properties, agent
South Seminole Hospital555 West State Road 434, Longwood, FL 32750
• 206 beds
• Full service medical/surgical facility
• Orlando Health hospital system
• Home to Orlando Health’s Behavioral Healthcare
• Private, non-profit, community-based health system
www.orlandohealth.com/southseminolehospital
1 | ORLANDO HEALTHSOUTH SEMINOLE HOSPITAL
1. South Seminole Medical Office 515 W. S.R. 434, Longwood, FL 32750
Total SF% LeasedAsking Rent Notes
54,12575.60%$14.00 - 22.00 MGHolladay Properties, agent.
2. South Seminole Medical Plaza 521 W. S.R. 434, Longwood, FL 32750
Total SF% LeasedAsking Rent Notes
44,167100.00%$18.00 MGMedical office condos; Holladay properties, agent.
CUSHMAN & WAKEFIELD 1110
W. Colonial Drive
Maguire Road
Old Winter Garden Road
Florida’s Turnpike
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1 | ORLANDO HEALTHSOUTH LAKE HOSPITAL
1 | ORLANDO HEALTHHEALTH CENTRAL HOSPITAL
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 1381 Citrus Tower Blvd.
1381 Citrus Tower Blvd., Clermont, FL 8,120 100.00% NA
4 South Lake Medical Arts Center
805 Oakley Seaver Dr., Clermont, FL 5,635 100.00% NA Department of
Veterans Affairs
5 South Lake Medical Arts Center
871 Oakley Seaver Dr., Clermont, FL 6,000 100.00% NA Clermont Radiology;
owner occupied
6 South Lake Surgery Center
1800 Oakley Seaver Dr., Clermont, FL 6,029 100.00% NA
South Lake Surgery Center; owned by South Lake Hospital
7 Skytop Professional Plaza
1804 Oakley Seaver Dr., Clermont, FL 20,480 100.00% NA Medical office condos
8 2020 Oakley Seaver Dr.
2020 Oakley Seaver Dr., Clermont, FL 8,417 100.00% NA
9 2040 Oakley Seaver Dr.
2040 Oakley Seaver Dr., Clermont, FL 14,000 100.00% NA South Lake
Endoscopy Center
10 South Lake Heart and Vascular
2080 Oakley Seaver Dr., Clermont, FL 18,152 100.00% NA Sold to Global Medical
REIT in 2017
Orlando Health South Lake Hospital1900 Don Wickham Drive, Clermont, FL 34711
• 122 beds
• Full service medical facility
• Orlando Health hospital system
• Home to the National Training Center
• Private, non-profit, community-based health system
www.southlakehospital.com
1. NTC Medical Plaza 1361 Citrus Tower Blvd., Clermont, FL 34711
Total SF% LeasedAsking Rent Notes
20,700100.00%NAUp to 15,000 available for sublease. Lee & Associates, agent.
2. South Lake Medical Plaza 1920 Don Wickham Dr., Clermont, FL 34711
Total SF% LeasedAsking Rent Notes
67,023100.00%$10.00 NNNSouth Lake Hospital, Inc.
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 1161 Blackwood Office Strip
1161-1193 Blackwood Ave., Ocoee, FL 12,365 100.00% NA
4 West Orange Dental Group
1201-1291 Blackwood Ave., Ocoee, FL 10,494 100.00% NA
5 Clermont - Ocoee Pediatrics 1551 Boren Dr., Ocoee, FL 8,056 100.00% NA
6 Lake Bennett Medical Center II 1128-1148 Kelton Ave., Ocoee, FL 22,804 100.00% NA 1,740 SF available. Charles
Rutenberg, agent
7 Associates in Dermatology
530-534 Ocoee Commerce Pkwy., Ocoee, FL 5,168 100.00% NA
8 2704 Rew Cir. 2704 Rew Cir., Ocoee, FL 7,038 100.00% NA
9 2706 Rew Cir. 2706 Rew Cir., Ocoee, FL 8,700 100.00% NA
10 1111 Blackwood Ave 1111 Blackwood Ave, Ocoee, FL 16,283 100.00% NA Physicians Associates
11 Lake Bennett Medical Center 1151 Blackwood Ave., Ocoee, FL 14,840 83.20% NA Medical office condos
Health Central Hospital10000 West Colonial Drive, Ocoee, FL 34761
• 171 beds
• 440,060 square foot, 85-acre medical complex
• Orlando Health hospital system
• Private, non-profit, community-based health system
www.healthcentral.org
2. West Orange Professional Center 10125 W. Colonial Dr., Ocoee, FL 34761
Total SF% LeasedAsking Rent Notes
28,00086.40%$17.00 NNNSold to Lakespur Properties in 2016
1. West Orange Professional Center 10131 W. Colonial Dr., Ocoee, FL 34761
Total SF% LeasedAsking Rent Notes
20,93281.00%$18.00 NNNSold to Lakespur Properties in 2016
Oakley Seaver Drive
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Citrus Tower Boulevard
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CUSHMAN & WAKEFIELD 1312
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Palm Springs D
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Maitland Avenue
2 | ADVENTIST HEALTHFLORIDA HOSPITAL ORLANDO
2 | ADVENTIST HEALTHFLORIDA HOSPITAL ALTAMONTE
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 Translational Research Institute 301 E. Princeton St., Orlando, FL 51,711 100.00% NA Owned by Adventist Health
4 Loch Haven Executive 615 E. Princeton St., Orlando, FL 41,844 100.00% NA Owned by Adventist Health
5 2520 N. Orange Ave. 2520 N. Orange Ave., Orlando, FL 33,044 100.00% NA Owned by Adventist Health
6 235 E. Princeton St. 235 E. Princeton St., Orlando, FL 28,856 100.00% NAOwned by Adventist Health. Occupied by Florida Radiology
7 2855 N. Orange Ave. 2855 N. Orange Ave., Orlando, FL 23,814 100.00% NA Owned by Adventist Health
8 2400 Bedford Rd. 2400 Bedford Rd., Orlando, FL 19,789 100.00% NA Owned by Adventist Health
9 Scottsdale Campus 2350 Bedford Rd., Orlando, FL 17,911 100.00% NA Owned by Adventist Health
10 Orlando Medical - Dental Center 2909 N. Orange Ave., Orlando, FL 15,469 80.90% $21.00 -
$24.50 MGTwo suites available directly from building owner
11 2320 N. Orange Ave. 2320 N. Orange Ave., Orlando, FL 14,087 100.00% NA
12 Arthritis Associates 324 E. Par St., Orlando, FL 6,973 100.00% NA Owner occupied
Florida Hospital - Orlando601 E. Rollins Street, Orlando, FL 32803
• 1,177 beds
• Full service medical/surgical facility
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.floridahospital.com
1. Florida Medical Plaza/FH Cancer Institute 2501 N. Orange Ave., Orlando, FL 32804
Total SF% LeasedAsking Rent Notes
180,000100.00%NAMedical office condos. 2 condos for sale.
2. Health Village Medical Office Building 2415 N. Orange Ave., Orlando, FL 32804
Total SF% LeasedAsking Rent Notes
113,947100.00%NAOwned by Adventist Health.
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 Altamonte Medical Center I
106 Boston Ave., Altamonte Springs, FL 27,577 63.20% Withheld Cite Partners, agent
4 160 Boston Ave. 160 Boston Ave., Altamonte Springs, FL 25,166 100.00% NA
5 Florida Surgery Center
180 Boston Ave., Altamonte Springs, FL 9,442 100.00% NA Owner occupied
6 201 Maitland Ave. 201 Maitland Ave., Altamonte Springs, FL 15,000 100.00% NA
7 Atrium III 499 E. Central Pkwy., Altamonte Springs, FL 30,000 70.00% NA Multi-tenant building
8 Altamonte Medical Center 2
616 E. Altamonte Dr., Altamonte Springs, FL 16,454 66.30% Withheld For Sale
9 Altamonte Medical Plaza
661 E. Altamonte Dr., Altamonte Springs, FL 32,338 100.00% NA Medical office condos
10 Florida Heart Group 689 E. Altamonte Dr., Altamonte Springs, FL 7,100 100.00% NA Owner occupied
11 Florida Hospital Lakeview Plaza
701 E. Altamonte Dr., Altamonte Springs, FL 41,348 100.00% NA Owned by Adventist Health
System
12 Florida Hospital Lakeview Plaza
711 E. Altamonte Dr., Altamonte Springs, FL 68,754 100.00% NA Owned by Adventist Health
System
13 The Altamonte Forum Center
745 Orienta Ave., Altamonte Springs, FL 56,952 64.70% $15-$17 Plus
Electric Dunhill Properties, agent
Florida Hospital - Altamonte601 East Altamonte Drive, Altamonte Springs, FL 32701
• 341 beds
• Full service medical/surgical facility
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.floridahospital.com
2. Altamonte Capital Center 249 Maitland Ave., Altamonte Springs, FL 32701
Total SF% LeasedAsking Rent Notes
26,11882.40%$16.00 Full ServiceLee & Associates, agent
1. Altamonte Capital Center 251 Maitland Ave., Altamonte Springs, FL 32701
Total SF% LeasedAsking Rent Notes
26,11894.10%$16.50 Full ServiceLee & Associates, agent
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CUSHMAN & WAKEFIELD 1514
2 | ADVENTIST HEALTHFLORIDA HOSPITAL APOPKA
2 | ADVENTIST HEALTHCELEBRATION HEALTH
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 200 N. Park Ave. 200 N. Park Ave., Apopka, FL 3,375 100.00% NA
4 Mid-Florida Eye Center 12 S. Park Ave., Apopka, FL 3,387 100.00% NA
5 20 S. Park Ave. 20 S. Park Ave., Apopka, FL 3,500 100.00% NA
6 125 S. Park Ave. 125 S. Park Ave., Apopka, FL 3,283 100.00% NA
Florida Hospital - Apopka201 N Park Avenue, Apopka, FL 32703
• 50 beds
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.floridahospitalapopka.com
1. 202 N. Park Ave. 202 N. Park Ave., Apopka, FL 32703
Total SF% LeasedAsking Rent Notes
9,600100.00%NA
2. Apopka Medical Plaza 203-205 N. Park Ave., Apopka, FL 32703
Total SF% LeasedAsking Rent Notes
10,063100.00%NA
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3Celebration Health Medical Office Building
400 Celebration Pl., Celebration, FL 80,000 100.00% NA
Celebration Health's Women's Clinic, imaging and medical office; Owned by Adventist Health
4 Town Center Celebration 741 Front St., Celebration, FL 20,023 62.10% $25.00 MG
Florida Hospital Celebration Health400 Celebration Place, Celebration, FL 34747
• 172 beds
• Acute care facility
• Florida Hospital system
• Private, non-profit, community-based health system
www.celebrationhealth.com
1. Celebration Medical Office Center 1530 Celebration Blvd., Celebration, FL 34747
Total SF% LeasedAsking Rent Notes
90,34949.80%$24.00 NNNSeveral spaces available. Realty Capital, agent.
2. Celebration Health Medical Plaza 410 Celebration Pl., Celebration, FL 34747
Total SF% LeasedAsking Rent Notes
78,320100.00%NAOwned by Duke Realty.
S. Park Avenue
441
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Celebration Place
W. Irlo Bronson Memorial Highway
Osceola Parkway
Central F
lorid
a Gr
eenw
ay
Wor
ld D
rive
Inte
rnat
iona
l Driv
e
Celebratio
n Avenue
4
1
2 3
CUSHMAN & WAKEFIELD 1716
Lake Underhill Road
N. G
oldenrod Road
N. Chickasaw
Trail
East West Expressway
408
1
54
6
2
3
2 | ADVENTIST HEALTHFLORIDA HOSPITAL EAST
2 | ADVENTIST HEALTHFLORIDA HOSPITAL KISSIMMEE
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 Lake Underhill Medical Building
7824 Lake Underhill Rd., Orlando, FL 20,836 100.00% NA
4 7806 Lake Underhill Rd.
7806 Lake Underhill Rd., Orlando, FL 9,674 100.00% NA
5 7848 Lake Underhill Rd.
7848 Lake Underhill Rd., Orlando, FL 4,752 100.00% NA
6 7800 Lake Underhill Rd.
7800 Lake Underhill Rd., Orlando, FL 4,439 100.00% NA
Florida Hospital East7727 Lake Underhill Road, Orlando, FL 32822
• 225 beds
• Full service medical/surgical facility
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.floridahospitaleast.com
1. Lake Underhill Medical Office Building 7975 Lake Underhill Rd., Orlando, FL 32822
Total SF% LeasedAsking Rent Notes
61,92394.50%NAOwned by Healthcare Trust of America. R.J. King, agent.
2. East Orlando Medical Surgical Plaza 258 S. Chickasaw Trl., Orlando, FL 32825
Total SF% LeasedAsking Rent Notes
59,97065.00%$19.00 NNNOwned by Duke Realty
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
2 201 Hilda St. 201 Hilda St., Kissimmee, FL 30,000 100.00% NA
3 101 Park Pl. Blvd. 101 Park Pl. Blvd., Kissimmee, FL 7,172 100.00% NA
4 200 Park Pl. Blvd. 200 Park Pl. Blvd., Kissimmee, FL 16,500 100.00% NA
5 205 Park Pl. Dr. 205 Park Pl. Dr., Kissimmee, FL 7,257 100.00% NA Center for Advanced Gynecology & Asthetics
6 Park Medical Plaza 207 Park Pl. Blvd., Kissimmee, FL 13,100 100.00% NA
7 Kissimmee Surgery Center
2275 N. Central Ave., Kissimmee, FL 12,193 100.00% NA
8 Florida Eye Clinic 2225 N. Central Ave., Kissimmee, FL 9,383 100.00% NA
Florida Hospital Kissimmee2400 North Orange Blossom Trail, Kissimmee, FL 34744
• 225 beds
• Full service medical/surgical facility
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.floridahospitaleast.com
1. Florida Hospital Medical Plaza 2400 N. Orange Blossom Trl., Kissimmee, FL 34744
Total SF% LeasedAsking Rent Notes
79,43868.40%$18.50 NNNOwned by Duke Properties and leased by Lee & Assocates
Celebration B
oulev
ard
Celebration Place
W. Irlo Bronson Memorial Highway
Osceola Parkway
Central F
lorid
a Gr
eenw
ay
Wor
ld D
rive
Inte
rnat
iona
l Driv
e
Celebratio
n Avenue
E. Donegan Avenue
Irlo Bronson Memorial Highway
N. M
ain Street
N. John Young Parkw
ay
441
2
54
3
1
7
8
6
CUSHMAN & WAKEFIELD 1918
Aloma Avenue
Lakemont Avenue
2
4
6
5
1
3
7
11
912
1310
E. Burleigh Boulevard
S.Mount H
omer
Road
19A
David W
aker Drive
4413
4
5 1267
2 | ADVENTIST HEALTHFLORIDA HOSPITAL WATERMAN
2 | ADVENTIST HEALTHWINTER PARK MEMORIAL HOSPITAL
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 1300-1330 Burleigh Blvd.
1300-1330 Burleigh Blvd., Tavares, FL 6,000 100.00% NA Grizzard Commercial
Realty, agent
4 1691-1707 Mayo Dr. 1691-1707 May Dr., Tavares, FL 10,032 100.00% NA Central Florida Cardiovascular Center
5 1879 Nightingale Ln. 1879 Nightingale Ln., Tavares, FL 25,000 100.00% NA Multi-tenant condo
6 Salk Medical Clinic 1937 Salk Ave., Tavares, FL 5,285 100.00% NA Also available for sale at $227 psf
7 2020 Nightingale Ln. 2020 Nightingale Ln., Tavares, FL 10,000 100.00% NA Expresscare of Lake County
Florida Hospital Waterman1000 Waterman Way, Tavares, FL 32778
• 269 beds
• Full service acute care facility
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.floridahospitaleast.com
1. Fountains at Lakeview Village Bldg. 3 1922 Salk Ave., Tavares, FL 32778
Total SF% LeasedAsking Rent Notes
9,063100.00%NAMulti-tenant building
2. Fountains at Lakeview Village Bldg. 1 and II 1928-1936 Salk Ave., Tavares, FL 32778
Total SF% LeasedAsking Rent Notes
18,24343.30%$18.50 NNNMulti-tenant building. 2,200 sf available.
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 133 Benmore Dr. 133 Benmore Dr., Winter Park, FL 23,595 100.00% NA Owned by Adventist Health
4 Winter Park Internal Medicine
1855 Hollywood Ave., Winter Park, FL 6,802 100.00% NA Owner occupied
5 Royer Building 111 N. Lakemont Ave., Winter Park, FL 6,647 100.00% NA Multi-tenant building
6 Winter Park Professional
255 N. Lakemont Ave., Winter Park, FL 16,000 100.00% $18.00 NNN
Family Physicians Group, owner; Leasing agent is RJ King
7Winter Park Physician Office Building
1925 Mizell Ave., Winter Park, FL 26,360 100.00% NA
8 Maternal Fetal Center 147 Moray Ln., Winter Park, FL 4,412 100.00% NA Owned by Adventist Health
9 Winter Park Professional Building
320 N. Edinburgh Dr., Winter Park, FL 8,000 100.00% NA 1,400 SF available. City
Commercial, agent
10 Central Florida Breast Center
2200 Glenwood Dr., Winter Park, FL 14,210 100.00% NA Owner occupied
11 Winter Park OB-GYN 100 N. Edinburgh Dr., Winter Park, FL 22,000 100.00% NA Condominium building
12 Florida Hospital Cancer Institute
2100 Glenwood Dr., Winter Park, FL 9,160 100.00% NA Owned by Adventist Health
13 Daniel Building 2100 Aloma Dr., Winter Park, FL 33,638 79.70% $18.00 NNN Private investor owned, Colliers leasing
Winter Park Memorial Hospital200 N. Lakemont Avenue, Winter Park, FL 32792
• 297 beds
• Acute care facility
• Adventist Health hospital system
• Private, non-profit, community-based health system
www.winterparkhospital.com
1. Physicians Surgical Care Center 2056 Aloma Ave., Winter Park, FL 32792
Total SF% LeasedAsking Rent Notes
18,641100.00%NASold to Adventist Health in 2017
2. Lakemont Center 201 N. Lakemont Ave., Winter Park, FL 32792
Total SF% LeasedAsking Rent Notes
20,93092.80%$21.50 MGMulti-tenant building.
8
CUSHMAN & WAKEFIELD 2120
E. Dixie Avenue
W. Main Street
N. 14th Street
North Boulevard W.
4
56
3
7
11
91 8
10
13 2
12
2 | ADVENTIST HEALTHFLORIDA HOSPITAL WINTER GARDEN
3| CENTRAL FLORIDA HEALTH ALLIANCELEESBURG REGIONAL MEDICAL CENTER
Florida Hospital Winter Garden2000 Fowler Grove Boulevard, Winter Garden, FL 34787
• Free standing emergency department
• Opened in 2016
• Services will include acute-care, on-site imaging and women’s care
• 97,000 SF no overnight beds
• Acute care hospital will be added in 2018
www.floridahospitalwintergarden.com
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 210 S. Lake St. 210 S. Lake St., Leesburg, FL 19,788 100.00% NA U.S. Health Works as tenant
4 312 S. Lake St. 312 S. Lake St., Leesburg, FL 7,890 100.00% NA U.S. Health Works as tenant
5 501 Medical Plaza Dr. 501 Medical Plaza Dr., Leesburg, FL 6,120 100.00% NA Multi-tenant
6 511 Medical Plaza Dr. 511 Medical Plaza Dr., Leesburg, FL 35,820 100.00% NA Florida Heart & Vascular Center
7 601 Medical Plaza Dr. 601 Medical Plaza Dr., Leesburg, FL 6,120 $15.00 NNN
8 Leesburg Community Plaza 620 S. Lake St., Leesburg, FL 8,960 83.30% $12.00 MG Grizzard Commercial Real
Estate Group, agent.
9 640 S. Lake St. 640 S. Lake St., Leesburg, FL 8,642 100.00% NA Total Eye Care.
10 701 Medical Plaza Dr. 701 Medical Plaza Dr., Leesburg, FL 8,8118 0.00% $14.00 NNN Leesburg-Ocala Heart
Institute
11 705 Doctor's Ct. 705 Doctor's Ct., Leesburg, FL 6,000 100.00% NA Multi-tenant building
12 709 Physicians Ct. 709 Physicians Ct., Leesburg, FL 23,428 78.90% $14.00 NNN Building owner is leasing agent
13 Family Physicians Building 801 E. Dixie Ave., Leesburg, FL 6,302 100.00% NA Owner occupied. Cardiac
Specialty Institute
Leesburg Regional Medical Center600 E. Dixie Avenue, Leesburg, FL 34748
• 226 beds
• Award-winning, acute care facility
• Hospital Corperation of America system
• Public; for-profit hospital system
www.cfhalliance.org
1. Leesburg Regional Medical Center (Medical Office Park) 601 E. Dixie Dr, Leesburg, FL 34748
Total SF% LeasedAsking Rent Notes
11,518100.00%NA2 condos for sale - $137/SF1300 - $15.75; 2300 - $15.00
2. 801 E. Dixie Ave. (Medical Office Park) 801 E. Dixie Ave., Leesburg, FL 34748
Total SF% LeasedAsking Rent Notes
45,38059.30%$15.00 NNN8,730 SF; Cluster of six medical office condos.
Fowler Grove BlvdD
aniel
’s Rd
Daniel W
ebster
West
ern Beltw
ay
CUSHMAN & WAKEFIELD 2322
441
192
Florida Trail
Budinger Road
5
4 3
6
2 1
4 | ST. CLOUD REGIONAL MEDICAL CENTERST. CLOUD REGIONAL MEDICAL CENTER
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 2900 - 2902 17th St. 2900 - 2902 17th St., Cloud, FL 8,799 83.00% $25.00 MG
4 3100 17th St. 3100 17th St., Cloud, FL 11,008 100.00% NA
5 3106 17th St. 3106 17th St., Cloud, FL 6,802 100.00% NA
6 1525 - 1575 Budinger Ave.
1525 - 1575 Budinger Ave., Cloud, FL 6,731 100.00% NA
St. Cloud Regional Medical Center2916 17th Street, St. Cloud, FL 34769
• 84 beds
• Acute care center offers comprehensive inpatient and outpatient support
• Orlando Health affiliation
• Private, non-profit, community-based health system
www.stcloudregional.com
1. 2916 - 2920 17th St. 2916 - 2920 17th St., St. Cloud, FL 34769
Total SF% LeasedAsking Rent Notes
5,686100.00%NA1,800 SF available; Schoolfield Properties, agent.
2. St. Cloud Professional Center 3000 - 3018 17th St., St. Cloud, FL 34769
Total SF% LeasedAsking Rent Notes
17,345100.00%NA
5 | HCACENTRAL FLORIDA REGIONAL HOSPITAL
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 2200 W. 1st. St. 2200 W. 1st. St., Sanford, FL 11,014 100.00% NA
4 Lexington Park 400 Lexington Green Ln., Sanford, FL 11,014 100.00% NA Central Florida Cancer Care
5 Lexington Park 710 - 730 Lexington Green Ln., Sanford, FL 3,840 100.00% NA Sterling Medical and
Kindred at Home, tenants
6 Lexington Park 1200 Lexington Green Ln., Sanford, FL 4,000 100.00% NA
7 Lexington Park 1708 - 1718 Lexington Green Ln., Sanford, FL 7,200 100.00% NA
8 Radiation Oncology/Cancer Care Center
200 N. Mangoustine Ave., Sanford, FL 3,338 100.00% NA
9 309 - 321 N. Mangoustine Ave.
309 - 321 N. Mangoustine Ave., Sanford, FL 5,063 72.20% $15.00 MG Ability Rehabilitation
Central Florida Regional Hospital1401 West Seminole Boulevard, Sanford, FL 32771
• 226 beds
• Award winning acute care facility
• Hospital Corporation of America system
• Public, for-profit health system
www.centralfloridaregional.com
1. The Forum 305 N. Mangoustine Ave., Sanford, FL 32771
Total SF% LeasedAsking Rent Notes
15,784100.00%NA
2. Central Florida Medical Arts Center 1403 Medical Plaza Dr., Sanford, FL 32771
Total SF% LeasedAsking Rent Notes
42,00094.60%$8.00 FS
N. French Avenue
S. French Avenue
W. 1st Street 463 4
5
672 8
1
9
CUSHMAN & WAKEFIELD 2524
Irlo Bronson Memorial Highway
John Young Parkweay
Martin Luther King Jr. Boulevard
N. C
entral Avenue
N. M
ain Street
Oak Street
E. Neptune Road
7
3
2
5
8 6
4
1
9
13 1210
11
5 | HCAOSCEOLA REGIONAL MEDICAL CENTER
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 The Atrium Center 1200 N. Central Ave., Kissimmee, FL 19,966 76.60% $17.75 MG
2,727 Medical SF and 6,533 Office SF available; Hold Thyssen, agent
4 Grand Oak Professional Center 204 W. Oak St., Kissimmee, FL 19,899 84.00% $21.00 NNN
3,001 SF available; Sandev Management Company, agent
5 309-313 W. Bass St. 309-313 W. Bass St., Kissimmee, FL 10,500 100.00% NA Florida Sports & Family
Health Center
6 Central Medical 401 - 445 W. Oak St., Kissimmee, FL 47,692 91.50% $16.95 NNN
5,181 SF available; Schoolfield Properties, agent
7 Oak Commons Medical Park
601 Oak Commons Blvd., Kissimmee, FL 13,600 100.00% NA Cardiovascular Associates
8 Oak Commons Medical Park
604 Oak Commons Blvd., Kissimmee, FL 15,167 100.00% NA Orthopaedic Associates of
Osceola.
9 Oak Medical Plaza 800-820 W. Oak St., Kissimmee, FL 14,400 88.60% $14.00 MG Holladay Properties, agent.
10 Osceola Medical Center 801 W. Oak St., Kissimmee, FL 12,000 100.00% NA
11 Central Square 901-911 N. Central Ave., Kissimmee, FL 20,000 100.00% NA 2 condos for sale
12 Osceola Cancer Center 737 W. Oak St., Kissimmee, FL 28,000 51.70% $18.00 NNN 12,276 SF available
13 1000 Main St. 1000 Main St., Kissimmee, FL 18,000 100.00% NA For sale - $5,990,000
Osceola Regional Medical Center700 West Oak Street, Orlando, FL 34741
• 247 beds
• Located in the heart of Kissimmee; state of the art medical facility
• Hospital Corporation of America
• Public, for-profit health system
www.osceolaregional.com
2. Kissimmee Medical Plaza 308-314 W. Bass St., Kissimmee, FL 34741
Total SF% LeasedAsking Rent Notes
23,86093.90%$17.50 NNNMedical office condos - $200/SF; Olde Town Brokers, agent.
1. Osceola Medical Arts 720 W. Oak St., Kissimmee, FL 34741
Total SF% LeasedAsking Rent Notes
61,11387.50%$19.00 NNNHolladay Properties, agent.
5 | HCAOVIEDO MEDICAL CENTER
# BUILDING NAME BUILDING ADDRESS SF OCCUPANCY RATE NOTES
3 Oviedo Office Park 7560 Red Bug Lake Rd., Oviedo, FL 50,000 85.80% $20.00 MG Fully Leased / Owned
4 8000 Red Bug Lake Rd.
8000 Red Bug Lake Rd., Oviedo, FL 39,894 94.80% $18.00 NNN Owned by HTA, Florida
Hospital anchor tenant
5 1000 Executive Dr. 1000 Executive Dr., Oviedo, FL 12,600 100.00% NA
6 Oviedo Professional Plaza
7250 Red Bug Lake Rd., Oviedo, FL 18,402 90.20% $19.00 NNN
7 Magnolia Corporate Center 2572 West SR 426, Oviedo, FL 60,000 95.20% $16.00 -
19.00 MG 2 spaces: 1,297and 1,573 SF
8 Oviedo Crossings Plaza
7400 Red Bug Lake Rd., Oviedo, FL 22,390 100.00% NA Owned by Physicians
Accociates
9 1000 West Broadway 1000 West Broadway St., Oviedo, FL 68,930 98.80% $24.00 MG
Oviedo Medical Center8300 Red Bug Lake Road, Oviedo, FL
• 64 beds
• 6 labor/delivery units
• Delivered January 2017
• 24/7 emergency care
1. Oviedo Medical Office Building 8400 Red Bug Lake Rd., Oviedo, FL
Total SF% LeasedAsking Rent Notes
40,00050.00%$27.00 FS
2. Mid Florida Medical Center 698 Oviedo Medical Dr., Oviedo, FL
Total SF% LeasedAsking Rent Notes
11,000100.00%NAOwner occupied
Red Bug Lake Road
W. Chapman Road
S. Central A
venue
W. State R
oad 426
7
24
5
9
6
1
38
CUSHMAN & WAKEFIELD 2726
Nemours Children’s Hospital13535 Nemours Parkway, Orlando, FL 32827
• 95 beds
• Full service pediatric emergency dept, PICU, NICU, children’s clinic, research & education facilities
• Private, non-profit system
www.nemours.org
VA Medical Center13800 Veterans Way, Orlando, FL 32827
• 134 in-patient beds, 120 nursing home beds, 60 domicillary and mental-health beds
• First VA built in the US since 1995
• Opening scheduled for spring 2015
www.orlando.va.gov
Cypress Parkway
Marigold A
venue
1
5 | HCAPOINCIANA MEDICAL CENTER
Poinciana Medical Center325 Cypress Parkway, Kissimmee, FL 34758
• 70 beds
• Hospital Corporation of America
• Public, for proft system
• Acute care services including emergency services, diagnostic imaging, inpatient and outpatient surgery, cardiac catheterization, laboratory, and pharmacy
www.poincianamedicalcenter.com
1. Poinciana Medical Arts Building 339 Cypress Parkway, Kissimmee FL 32771
Total SF% LeasedAsking Rent Notes
42,00065.00%$21.00 NNNCushman & Wakefield leasing agent
5 | HCAFREE STANDING EMERGENCY DEPARTMENTS
Hunter’s Creek ER12100 John Young Parkway, Orlando, FL 32837
• New facility - Opened June 2014
• 10,600 square feet
• 11 private beds
• 24/7 emergency care for adult and pediatric patients
Central Florida Greenway
Lake
Non
a Bo
ulev
ard
Tavist ock Lakes Boulevar d
417
Narcoossee Road
6 | MEDICAL CITY AT LAKE NONA
1
2
1. Lake Nona Gateway 9975 Tavistock Lakes Blvd., Orlando, FL 32827
Total SF% LeasedAsking Rent Notes
74,000100.00%$25.00 NNNAnchored by Florida Hospital and UCF Pegasus Health
2. Guidewell Innovation Center 6555 Sanger Road, Orlando, FL 32827
Total SF% LeasedAsking Rent Notes
92,00033%$25.00 NNNDelivering 4Q2015, anchored by Guidewell, UCF Incubator
Cushman & Wakefield 28
Notes
HEALTH CARE REAL ESTATE ADVISORY SERVICES I CUSHMAN & WAKEFIELD
©2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS
OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR
OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S).
AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.
Cushman & Wakefield of Florida, Inc. 20 North Orange Avenue
Suite 300 Orlando, FL 32801
www.cushmanwakefield.com
Anne Spencer Director, Healthcare Practice Group
anne.spencer@cushwake.com P. +1 407 541 4434 / C. +1 407 461 0825
www.floridamedicaloffice.com
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