Gross SQFT
52,750
Year Built
1986/R 1995
Occupancy
100%
NOI
$481,574
Property Type
Mixed-Use
ADDITIONAL LISTING AGENT
INDUSTRIAL INVESTMENT HIGHLIGHTS
- Value-Add Opportunity: Masonry base with metal caps, small bay multi-tenant industrial property with significant upside potential from below-market rents across 15 tenants on short-term leases. The current rent per square foot averages to $9.63, well below current market rates. This provides the opportunity to bring all the leases to market rates soon after purchase.
- Property Size: 3 buildings totaling ±52,750 square feet of small bay space, providing stable cash flow with potential for rent increases.
- Prime Location: Strategically located between downtown Orlando and Orlando International Airport, offering easy access to major transport routes and high foot traffic.
- Assumable Loan: Opportunity to assume a loan with a competitive 3.8% fixed interest rate, expiring in 2031, adding longterm stability.
- Favorable Financing: $6,123,000 remaining CMBS loan balance for both properties, enhancing potential returns.
- Upside Potential: This property offers substantial upside potential through rent adjustments, premium location, and solid tenant base, making it a strong investment opportunity.
RETAIL STRIP INVESTMENT HIGHLIGHTS
- Fully Leased with Strong Tenant Mix: The center is 100% occupied by strong and regional tenants including Verizon Wireless, Jimmy John’s, Tropical Smoothie, and Midwest Express.
- High-Visibility Location on Cicero Ave: This property sits elevated on Cicero Ave, which sees over 45,700 VPD and is out-parcel to a Super Walmart.
- Attractive Net Lease Structure: All tenants have NNN leases, limiting landlord responsibilities.
- Newer Construction (2020): Modern 8,433 SF retail building with high-quality finishes and minimal capital expenditure requirements.
- Extremely High Population: There are over 258,000 residents in a 3-mile radius and over 698,000 in a 5-mile radius.
- Prime Retail Synergy: Positioned as one of five Walmart outparcels, alongside Portillo’s, Starbucks, Golden Corral, and Wendy’s, creating a high-traffic retail destination with strong national co-tenancy.
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203