Property
| Ownership: | For Sale |
|---|---|
| Pets: | Pets Allowed |
FinancialsPrice: $14,500,000
| Price: | $14,500,000 |
|---|
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1305-907-7555 Fax: +1305-675-0745 | |
| Courtesy of RE/MAX 5 Star Realty | |
DescriptionThis Class A corporate center boasts an impressive 83,520 SF of total space, including 80,035 SF of leasable area, strategically located near Winter Park in Orlando. The subject property underwent some renovations, featuring upgraded lighting and flooring. An owner can occupy up to 45,348 SF. This is also a prime investment opportunity with an 86.3% current occupancy, generating $1,474,799 per year for a net annual income of $979,711. The actual NOI yields a 6.5% capitalization rate at the full asking price. There is also a potential 8.5% pro-forma capitalization rate when fully leased at $21.00 per SF NNN.
This Class A corporate center boasts an impressive 83,520 SF of total space, including 80,035 SF of leasable area, strategically located near Winter Park in Orlando. The subject property underwent some renovations, featuring upgraded lighting and flooring. An owner can occupy up to 45,348 SF. This is also a prime investment opportunity with an 86.3% current occupancy, generating $1,474,799 per year for a net annual income of $979,711. The actual NOI yields a 6.5% capitalization rate at the full asking price. There is also a potential 8.5% pro-forma capitalization rate when fully leased at $21.00 per SF NNN.
This Class A corporate center boasts an impressive 83, 520 SF of total space, including 80, 035 SF of leasable area, strategically located near Winter Park in Orlando.
DescriptionThis Class A corporate center boasts an impressive 83,520 SF of total space, including 80,035 SF of leasable area, strategically located near Winter Park in Orlando. The subject property underwent some renovations, featuring upgraded lighting and flooring. An owner can occupy up to 45,348 SF. This is also a prime investment opportunity with an 86.3% current occupancy, generating $1,474,799 per year for a net annual income of $979,711. The actual NOI yields a 6.5% capitalization rate at the full asking price. There is also a potential 8.5% pro-forma capitalization rate when fully leased at $21.00 per SF NNN.
This Class A corporate center boasts an impressive 83,520 SF of total space, including 80,035 SF of leasable area, strategically located near Winter Park in Orlando. The subject property underwent some renovations, featuring upgraded lighting and flooring. An owner can occupy up to 45,348 SF. This is also a prime investment opportunity with an 86.3% current occupancy, generating $1,474,799 per year for a net annual income of $979,711. The actual NOI yields a 6.5% capitalization rate at the full asking price. There is also a potential 8.5% pro-forma capitalization rate when fully leased at $21.00 per SF NNN.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable,
but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without
notice. International currency conversions where shown are estimates based on recent exchange rates and are
not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.