Colliers, as owner’s exclusive advisor, is pleased to present for sale Altamonte Oaks, a value-add or Owner/User Medical/Retail redvelopment/ investment opportunity. The building is located at 460 E. Altamonte Drive, Altamonte Springs, FL 32701 (the “Property”) and features excellent visibility and exposure to 62,000 AADT from State Road 436 (E. Altamonte Drive) in Orlando MSA. Nearby facilities include the 1.15M SF Altamonte Mall one block to the west and Advent Health’s Altamonte Springs location once block to the west. In addition, SunRail’s Altamonte Springs Station is located less the a 1.2 mile down the road with pedestrian connectivity improvements underway.

Bank of America, NA (BOA) is the anchor tenant at the property where they operate a branch bank facility, 6 drive-thru lanes (covered), with 2 ATMs and exclusive parking adjacent to the branch entrance. BOA is an investment grade tenant, with an S&P credit rating of A- and a Moody’s credit rating of A3. Their initial 10-year term commenced 12/16/2002 and had 20, 5-yr renewal options at fixed-rates (17 remaining). The 2nd floor of the Property features a medical practice build-out with waiting room, 11 exam rooms and pit area, 3 offices, lab, kitchen and 3 individual restrooms. The 3rd floor of the Property features a medical school buildout with 11 class/lab rooms, 12 offices and 2 breakrooms.

Altamonte Oaks is a three-story, Class A Medical/Retail building containing 31,674 rentable square feet, situated on 2.92 acres in Altamonte Springs, Florida. The building was constructed in 1989 with major renovations completed in 2022 and features a 2-story atrium lobby with a glass elevator overlooking the monument at the front entrance. With access to a parking ratio of approximately 4.7/1,000 SF and immediate access to a variety of amenities including AdventHealth hospital and restaurants, lodging and entertainment, the building is very well positioned to continue attracting a wide variety of telecom and office users.