Property Highlight

• Premium Properties Commercial Division Proudly Presents Cash Flow Office Building for Investment is located in the heart of the downtown Central Business District. First Floor Medical Office recently exercised 5 years on the current lease. The second floor is leased to Haines City Economic Council with renewal options and has had new carpet installed a few years ago. Sellers just replaced 2 of the HVAC systems on the building. Three of the upstairs offices have views of the park across the street. All of the interior doors have adjustable blinds and the building is wired with Cat 5 voice and data lines. Walking distance to City Library, City facilities, shopping and medical. This is a great investment property with a capitalization rate 8.39%. High Demand location for Medical and Executive Office spaces due to Recent Population increase and projected growth of 17.58% within next 5 Years and major Retail, Residential, Hospitality and Industrial Investments within 5 Miles Distance.
• Medical Office Lease structured that tenant contributes to their portion of Property Taxes and Sales Tax and Landlord is responsible of Exterior Maintenance, Main Sewer and Plumbing and HVAC Repairs and Maintenance and tenant responsible of Interior maintenance of the space they occupied.Upstairs Unit carpet replaced and freshly painted along with 2 HVAC units replaced recently.Value Add opportunity for future Buyers with new Roof replacement recommended by licensed Inspector and future lease escalation will continue generating above 8% Cap Rate and opportunity to Owner solid long term cash flow.
• MedFlorida Medical Center Primary Care Physicians recently signed new 5 Years Extension to their current lease and the tenants have long term commitment to this location over 10 Years occupancy in this location. Modify Gross Lease that Landlord is responsible of maintenance and Insurance and Tenant is contributing their portion of pro-rate Property Taxes reimbursement to Landlord. 3800 Sqf 1st Floor Medical Office space easy access to Ingraham Ave and Public Parking space in Haines City Downtown District. Haines City Economic Development Council Inc. is occupying 2nd Floor 2482 sqf Executive office space tenant has long commitment since 2019 with Modify Gross lease that Landlord is responsible of Taxes, Insurance and Maintenance.
• Property is strategically located in Downtown Commercial Business District is less than Quarter Mile to Haines City Hall Building, surrounded by Offices, Retails, Multi-Family and Residential communities, less than a mile away from Publix Super Market at Haines City Mall located at the corner of Highway 17 and US-27 with 47,000 AADT. High demand location for Medical offices and Executive Office spaces with recent significant population growth within a Mile distance. AdventHealth Heart of Florida ER is only 10 Minutes Drive located on US-27. In 2018, Polk County,Florida had an Economic Base Multiplier of 8.56.
• Haines City FL located in South of Orlando MSA and positioned on the center of the State has easy access to US Highway 27 is one of the largest Highway in the U.S and I-4 is connecting Orlando to Tampa FL. Haines City population increased around 30% since 2010 with major Developments arising from Residential Community Developments, Retail Shopping Centers, Hospitals, Hotels and Industrial projects. Orlando MSA receiving over 1000 families per week moving to Central Florida area and increasing population driving demand to Medical and Executive office buildings located close distance to Orlando Suburb towns as Haines City is in close vicinity to Davenport, Kissimmee and Poinciana in the South Orlando towns as Winter Haven and outside of Lakeland FL.