INDUSTRIAL & STRIP CENTER PORTFOLIO

4045-4061 Forrestal Ave, Orlando, FL 32806
$12,500,000

Gross SQFT
52,750
Year Built
1986/R 1995
Occupancy
100%
NOI
$481,574
Property Type
Mixed-Use

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
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