1211 FLORIDA 436, Other City – In The State Of Florida FL 32707,Other City – In The State Of Florida,Seminole County,Commercial Sale

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.