Commercial property in Orlando, Florida 238.2 sq.m. № 2145354

Property description

LEASED INVESTMENT - 100 PERCENT OCCUPIED THROUGH JANUARY 2031. Units 12A and 12B are combined into one 2,564 SF office/flex suite in Building 2 of the Old Winter Garden Road Commerce Center, leased to an established church congregation through 1/31/2031 on a Modified Gross lease with 3 percent annual escalations and a five-year renewal option; the lease transfers with the sale. Year-1 NOI $38,818 - a 6.47 cap at $600,000. Available individually or with adjoining Unit 13 (1,282 SF, leased to a nursing academy through 1/31/2031, MLS S5146021, $375,000) as a 3,846 SF package at $975,000 with combined Year-1 NOI $67,654 (6.94 cap). Concrete block construction (2006), single story, central A/C, in a professionally managed condominium park with shared surface parking; the association covers exterior insurance, common areas, landscaping and the lot. Zoned I-G, City of Orlando. Federal Opportunity Zone. Old Winter Garden Road frontage with about 24,500 vehicles a day; roughly half a mile to I-4, minutes to SR-408, SR-50 and John Young Parkway, about three miles west of downtown Orlando.