1211 State Road 436

Highlights:

• - 83,520 SF building with 19 units
• - Constructed in 1986, offering established infrastructure
• - Zoned PMXL, providing versatile usage options
• - Ideally located in the vibrant Casselberry area
• - Impressive 74.78% occupancy rate
• - Potential for customization and expansion
• - Strategic access to major business districts
• - Strong investment potential for office space

Description:

Presenting a prestigious Class A corporate center with an impressive 83,520 SF of total space, including 80,035 SF of leasable area, strategically positioned near Winter Park in Orlando. Recent renovations have enhanced the property with upgraded lighting and flooring, offering a modern and appealing environment. With the potential for an owner to occupy up to 49,906 SF, this property presents both a prime investment opportunity and the flexibility for owner occupancy. The current 74.78% occupancy generates $1,199,765 per year, resulting in a net annual income of $715,898, yielding a 5.17% capitalization rate at the full asking price. Additionally, there is potential for an 8.1% pro-forma capitalization rate when fully leased, making this a compelling investment proposition.

Located in Casselberry, FL, this prime property enjoys close proximity to a thriving community and an array of amenities that make it an attractive prospect for office building investors. Nearby, the scenic Lake Concord Park provides a serene retreat for outdoor activities and leisurely strolls. The property is surrounded by a diverse selection of dining options and shopping centers, catering to the needs of professionals and employees. Additionally, the bustling Casselberry Commons offers convenient access to various services and retail outlets. With its dynamic and rapidly growing environment, this location presents an appealing opportunity for investors seeking an office or office building in a vibrant and evolving community.