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 49,906 SF. This is also a prime investment opportunity with an 74.78% current occupancy, generating $1,199,765 per year for a net annual income of $715,898. The actual NOI yields a 5.17% capitalization rate at the full asking price. There is also a potential 8.1% pro-forma capitalization rate when fully leased.,
Features
- Building Area Total
83520
- Building Area Units
Square Feet
- City
Other City - In The State Of Florida
- Contract Status Change Date
2024-01-17 00:00:00
- County Or Parish
Seminole County
- Days On Market
153
- Latitude
29
- List A O R
A-Miami Association of REALTORS
- List Price
13850000
- Living Area Units
Square Feet
- Longitude
-81
- Lot Size Square Feet
361112
- Lot Size Units
Square Feet
- Major Change Type
Price Decrease
- Mls Status
Active
- On Market Date
2024-01-17 00:00:00
- Original List Price
14500000
- Originating System Name
miamire
- Postal Code
32707
- Previous List Price
13950000
- Property Sub Type
Office
- Property Type
Commercial Sale
- Public Survey Range
21
- Public Survey Section
30
- Public Survey Township
21
- Standard Status
Active
- State Or Province
FL
- Unparsed Address
1211 FLORIDA 436
Other City - In The State Of Florida FL 32707
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/mia/A11516213
