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 44,181 SF. This is also a prime investment opportunity with an 77.21% current occupancy, generating $1,245,809 per year for a net annual income of $759,910.80. The actual NOI yields a 5.87% capitalization rate at the full asking price. There is also a potential 9% pro-forma capitalization rate when fully leased.
Listed by:
RE/MAX 5 Star Realty
Source:
MIAMI MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Oct 23, 2024 | 7 days ago | Price decreased550,000 (4%) | $12,950,000 |
Oct 16, 2024 | 14 days ago | Price decreased350,000 (3%) | $13,500,000 |
Jun 18, 2024 | 4 mos ago | Price decreased100,000 (1%) | $13,850,000 |
May 10, 2024 | 6 mos ago | Price decreased550,000 (4%) | $13,950,000 |
Jan 18, 2024 | 10 mos ago | New on market | $14,500,000 |