Description:

This property is suited for - Owner User who is looking to use the entire building for their business need - Owner User/Investor who is looking to use a portion of the building for their business and lease out other units of the building for additional income - Investor who is looking to earn rental income from this three-unit warehouse.
This is an excellent value-add opportunity or potential warehouse space for the user/occupant. Commercial Industrial warehouse located in South Orlando Industrial area, near Florida Turnpike on Rocket Blvd. 31,150 SF steel frame warehouse on 2.0 Acres. This multi-tenant investment is fully occupied. All rents are currently 50% below the market rate and all leases are month-to-month. Current market rental COMPS in the area are between $7 to $9 PSF NNN. The buyer is encouraged to run their own rental COMP report to independently verify the warehouse rental COMPS in the area. Gross Operating Income in 2019 was $130,897 and Pro-forma NOI of $257,125 is calculated based on $8.50 PSF NNN Rental Rate. Three warehouse units with built-in offices. Unit A-11,040 SF, Unit B-8,250 SF, Unit C-11,040 SF. Ten 12’ Roll-up doors. Three Ramps, Seven Dock High. The property is well maintained and in good condition. The roof has recently been replaced. The property is well maintained and in good condition.
Brand New Roof and other recent renovations in upwards of $250,000
Steel Frame & 22’ Center Ceiling Height
Ten 12’ Roll-up Doors, 3 Ramps, 7 Dock Level & 3 Offices
26,400 SF Paved Surface Parking & Ramps and Fenced Yard

Presented by:

Karl  Landreneau,  CCIM, SIOR

Director of Commercial Sales and Leasing

(225) 295-0800

(225) 252-3733

Click here to email

Listed by:

Keller Williams at the Parks Realty

Orlando Central