16,826 SF
1.33 acres
1 buildings
1 stories
Built in 1957
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Investment Highlights
•18,000 Square Foot Single-Tenant Office Building (16,826 RSF) | 100% Leased to Department of Corrections
•State of Florida Guaranteed Lease | Provides Stable & Predictable Cashflow for Years to Come
•Recently Executed a Long-Term, Stay-in-Place Lease (Running Through 10/31/31)
•Extensive/Recent Remodel to Meet Tenant’s Needs
•Established and Essential Location for State of Florida DOC (Tenant in Building Since 2005)
•86 Parking Spaces | Parking Ratio = 5/1,000 SF (75 Spaces Required Under the Lease)
•Located two Miles From Interstate-4 | Which Benefits From 201,000 Vehicles Daily
•Seller Continues Rolling Retrofit of LED Lighting | Buyer will Benefit from Reduced Annual Operating Expenses
•In the Heart of Orlando, Just a Half Mile From Camping World Stadium
•Near Orlando City Soccer Stadium, Amway Center, Dr. Phillips Center for Performing Arts and Florida Hospital Orlando
•Florida is an Income Tax Free State
•Population Over 335,000 Within a Five-Mile Radius
Key Metrics
Cap Rate Current Year:
7.01%
Price/ SF
$178.00
Listing Agents:
Ray Turchi
David Vaughan
Ray Turchi
(407) 557-3847
David Vaughan
(407) 557-3829