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121-189 S Orange Ave
Orlando, FL 32801 Arts District

$2,084,521 USD

Office Residential Condo For Sale  •  6,445 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 500,000 SF
  • Lot Size 2.19 AC
  • Building Class B
  • Year Built 2006
  • Tenancy Multiple
  • Zoning AC-3A/T/HP
90 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
18th Floor - Unit 1830-50 S Office 6,445 SF $2,084,521 USD
  • Unit Size: 6,445 SF
  • Condo Use: Office
  • Price: $2,084,521 USD
  • Sale Type: Investment
  • Price/SF: $323.43 USD
Description
Fully leased - Absolute NNN Lease

Long-term lease through 2031 with 3% annual rent increases

Two (2) additional 5-year renewal options

High-end build-out with glass-line offices, executive boardroom, and reception

Impressive floor-to-ceiling views of Downtown Orlando

24/7 access, security, covered parking, and direct access to restaurants and retail within The Plaza

Convenient access to I-4 Corridor, Florida Turnpike, and Florida’s 429, 417, 528, 414, and 408 Expressways.

Downtown Orlando is home to the Dr. Phillips Performing Arts Center, Amway Center, Orlando Lions Soccer Stadium, and Camping World Stadium.

Description 

The property is fully leased to a regional, multi-location nonprofit healthcare operator operating under a 501(c)(3) structure. The tenant maintains established operations in Central Florida and has been in continuous operation for over six years. - Tenant has 3 locations, and revenue is on the rise. According to publicly available IRS Form 990 filings, the tenant has demonstrated strong and improving financial performance over recent years. The organization reported approximately $7.6 million in revenue and a positive net operating income of approximately $2.8 million in 2024. Buyers are encouraged to verify all financial information independently. The lease is structured as an Absolute NNN lease with 3% annual rent escalations. As of January 2026, base rent is $14,331 per month ($171,973 annually), exclusive of NNN charges. The tenant has no history of late or missed rent payments under the current lease. This financial profile, combined with the tenant’s nonprofit structure, healthcare use, and long-term Absolute NNN lease, supports income durability and reduced tenant credit risk throughout the remaining lease term and renewal options. Additional tenant financial information, including link to the financial statements available on the public domain, will be made available upon execution of
a confidentiality agreement.

Property Flyers

Amenities

  • 24 Hour Access
  • Banking
  • Controlled Access
  • Conferencing Facility
  • Courtyard
  • Food Service
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Outdoor Seating
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Church Street (SunRail - Florida Department of Transportation) 1 min 5 min 0.3 mi
Lynx Central (SunRail - Florida Department of Transportation) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Orlando International 21 min - 12.2 mi
Orlando Sanford International 36 min - 27.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: No
Sunny Gandhi 321-945-4477 Keller Williams at the Parks Realty
Sunny Gandhi 321-945-4477 Keller Williams at the Parks Realty