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4355 Bear Gully Rd, Winter Park, FL, 32792

Multi-Tenant Medical Center
$3,564,528

Key Information

Cap Rate
7.24%
$ per SF
$359
Tot. SF
9,914
Lot Size
2.53 Acres
Year Built
2003
Type
Healthcare
Occupancy
100%
NOI
$258,147

Highlights

  • Stable In-Place Income – The property is fully leased to three established medical tenants, providing diversified, healthcare-backed cash flow. The multi-tenant medical layout reduces single-tenant risk and benefits from strong outpatient demand.
  • Extended Lease Term with Built-In Growth – Leases have been recently extended with option periods, delivering long-term income visibility. Contractual annual rent escalations drive steady cash flow growth without additional capital investment.
  • Value-Add Opportunity via Near-Term Rollover – Approximately 43%of the property rolls in the near term, creating an opportunity to mark rents to market. In-place rent of approximately $18/SF is below the property’s weighted average, supporting meaningful NOI upside.
  • Embedded Upside & Exit Flexibility – The asset combines stable income with near-term growth potential and long-term lease stability, supporting both income-oriented hold strategies and value-driven exits following rent growth.
  • Established Winter Park Medical Corridor – Situated along Aloma Ave, the property is located within a well-established medical and professional corridor serving Winter Park and Maitland. Limited new supply and long-tenured practices support consistent tenant demand and retention.
  • Proximity to Major Healthcare Systems – The property benefits from close proximity to Advent Health Winter Park and Orlando Health–affiliated facilities, supporting strong outpatient referral activity. Ongoing health system investment continues to expand specialty and outpatient services in the area.
  • Affluent, Supply-Constrained Submarket – Winter Park is an affluent, supply-limited submarket characterized by strong homeownership and steady in-migration. Zoning constraints and limited land availability create durable barriers to new development, supporting long-term rents and values.
  • Durable Healthcare Demand Drivers – A dense residential base and aging demographics drive sustained demand for medical, dental, and wellness services, supporting stable occupancy and long-term healthcare tenancy.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203