Commercial property in Orlando, Florida 119.1 sq.m. № 2217288

Property description

LEASED INVESTMENT - 100 PERCENT OCCUPIED THROUGH JANUARY 2031. Unit 13 is a 1,282 SF office condo in Building 2 of the Old Winter Garden Road Commerce Center - four private offices, conference room and reception - leased to a nursing academy 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 $28,836 - a 7.69 cap at $375,000. Available individually or with the adjoining 2,564 SF suite (Units 12A and 12B, leased to an established congregation through 1/31/2031, MLS S5145472, $600,000) 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.