Baldwin East

• Diversified, Growing Orlando MSA Economic Base — The property sits within the greater Orlando MSA, a 2.94 million-person market driving $217+ billion in GDP and supported by 468,000 tourism-driven jobs alongside deep aerospace, healthcare, and technology industries. This economic diversification insulates the asset from single-industry exposure, while continued population and household growth across the surrounding trade area sustains long-term demand for office and medical-use space.
• North Semoran Blvd Corridor Visibility — Fronting N Semoran Blvd, a major north-south arterial connecting to SR-408 and the broader Orlando roadway network, the property benefits from strong daily traffic counts and direct visibility — a meaningful advantage for the asset’s healthcare, legal, and behavioral health tenants, many of whom rely on convenient access and signage exposure to drive walk-in and referral-based patient or client volume.
• Value/Workforce Office Alternative — At in-place rents of roughly $22–$24 PSF, Baldwin East offers a functional, more affordable alternative to Class A office product in Downtown Orlando and newer submarkets like Lake Nona or Baldwin Park. This rent basis has historically attracted and retained a diverse mix of service-based tenants, supporting the property’s strong leasing history despite its 1975/1985 vintage, and positions the asset to continue capturing tenants priced out of newer, more expensive product.
• Value-Add Opportunity Through Lease-Up — The property is approximately 73% occupied, with ~12,172 SF of vacant space across ten suites. At market rents in the $23–$24/SF range currently being achieved in-place, there’s meaningful NOI growth.
• Short WALT Creates Repositioning Upside — The weighted average lease term of ±1.49 years provides ownership the opportunity to renew tenants at current market rates or reposition suites toward higher-credit or higher-rent users in the near term — a meaningful lever for value creation.
• Attractive Entry-Point Pricing for Orlando — At approximately $193/SF, the property offers an attractive basis well below replacement cost, providing investors with immediate value and meaningful upside through the continued rollover of below-market leases to current market rents.
• 1031 Exchange / Private Capital Play — The price point (~$8.86M) and cash-flowing nature of the asset make this a natural fit for private investors, family offices, or 1031 exchange buyers looking to park capital in a stable, income-producing asset without the complexity of ground-up development or heavy value-add execution.
• Diverse, Granular Rent Roll — The property is leased to 25+ tenants across a mix of healthcare, legal, professional services, and small business users, with no single tenant representing an outsized share of income. Granular suite sizes allow ownership to address renewals and leasing activity incrementally rather than relying on the performance of one major tenant.
• Demonstrated Tenant Longevity — Several tenants have occupied space at the property for a decade or more, including Arlys L. Buschner, P.A. (since 2004), Second Image National (since 2015), and Neurological Physical Therapy Specialists (since 2015). This long-tenured occupancy underscores the building’s functionality and stickiness for service-based tenants, supporting confidence in renewal probability as leases roll.
• One-Year Seller Rent Guarantee De-Risks the Going-In Yield — Upon close of escrow, the seller guarantees rent on all 10 vacant units for a full year, delivering a stabilized day-one return while giving an active owner a protected runway to lease up at market rents.
• Healthcare-Oriented Tenant Mix — Approximately 20% of the property’s square footage is leased to healthcare and behavioral health tenants, including Premier Cardiology & Vascular Associates, Coastal Mental Health Center, Neurological Physical Therapy Specialists, and Indigo Kids Behavior Learning.