Ivanhoe Medical Plaza

Highlights

• Stabilized 6.50% cap rate
• NNN Leases
• Anchored by Walgreen's Specialty Pharmacy
• Directly across from AdventHealth Downtown Orlando
• Recently completed FDOT streetscape improvements

Description

Millenia Partners is exclusively offering Ivanhoe Medical Plaza a ±11,419 SF, two-building medical-grade office campus directly across from AdventHealth Downtown Orlando's $1+ billion campus expansion. The offering is anchored by Walgreen's Specialty Pharmacy on a multi-year lease and structured to deliver a guaranteed 6.50% Day-One cap rate: the seller will execute a sale-leaseback on any remaining vacancy, fully stabilizing income at closing and removing all lease-up risk. Both buildings are built to medical-grade and ADA specifications with FF&E available & turnkey for the next physician group, surgical practice, or healthcare investor.

Ivanhoe Village is one of Central Florida's most supply-constrained medical corridors, making this a rare, credit-backed infill opportunity at a stabilized 6.50% cap.

Strategically positioned at the gateway between Downtown Orlando and Winter Park, 2100–2106 N Orange Avenue anchors the heart of Ivanhoe Village — one of Orlando's most established and supply-constrained medical and professional submarkets. The property sits directly across from the AdventHealth Downtown Orlando Campus, the region's flagship hospital system currently undergoing a $1+ billion expansion that will further cement the corridor as Central Florida's premier healthcare destination.

The location is surrounded by a dense cluster of complementary AdventHealth assets — the Cancer Institute, Surgery Center, Medical Group, AdventHealth University, AdventHealth Lab, and the Walt Disney Pavilion at AdventHealth for Children — delivering unmatched proximity for practices that depend on hospital privileges, referral networks, and pre/post-op patient coordination. Affluent surrounding neighborhoods including College Park, Ivanhoe, Lake Highland, Rose Isle, and Winter Park drive a deep, captive patient base, while frontage on N Orange Avenue — one of Orlando's primary north-south arterials — provides the visibility, signage exposure, and patient accessibility that cannot be replicated elsewhere in the corridor.

Adjacent to the property, Mills 50 and Ivanhoe Village's dining, retail, and cultural amenities (including the Orlando Science Center and the Loch Haven Cultural Park) create the live-work-play environment that today's healthcare and professional users prioritize when selecting a long-term home for their practice.