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.


Property

Website:https://www.nestseekers.com/3336378
Address:
1211 FLORIDA 436
Other City - In The State Of Florida, FL 32707
Ownership: For Sale
Pets: Pets Allowed

Financials

Price: $14,500,000

Description

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.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Courtesy of RE/MAX 5 Star Realty