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Mixed-Use

VANTAGE POINT

588 Monroe Rd, Sanford, FL 32771

Listing Price: $18,975,000

Cap Rate
6.13%
Number of Suites
9
Gross SF
110,000
Rentable SF
110,000
Price/Gross SF
$172.50
Lot Size
10.25 acres
Year Built
2007

Investment Overview

Marcus & Millichap is proud to present for sale Vantage Point located in Sanford, Florida 32771. This property consists of 10.25 acres of land and a 110,000 square foot Class A flex use property. This property includes four tilt up wall constructed and architecturally enhanced buildings developed in 2007. The property is an attractive opportunity due to its tilt up wall construction, efficient floor plates and single-story design which appeals to tenants seeking an excellent corporate image. The different buildings can cater for the needs of small and large corporate tenants alike with significant rent growth potential, while retaining tenants at above-average rates. Current tenants are all signed to triple-net leases with annual rent increases and most have extension options as well. Vantage Point features a diverse mix of tenants operating across a variety of different industries at a regional and nationwide level. Potential investors receive the security of cash flow and reduced risk associated with any specific sector of the economy. Significant upside can be obtained through rental vacancies in a highly desirable property and due to its high growth location. The property’s location offers its tenants a wide variety of educated labor nearby along with great housing opportunities nearby Lake Mary/Heathrow. Sanford is very convenient to Orlando based businesses for their proximity to the SR-317 highway, allowing them to attract and retain a labor force from the entire region. The property is approximately 21.70 miles North of downtown Orlando. The property is ideally situated along a five (5) lane major artery, Monroe Road is just 1.5 miles north of Highway 46. The access is excellent with unobstructed ingress and· egress for both North and South bound traffic. The property has great access to Interstate 4 from both the North and the South and is located a mere 3.67 miles from the intersection of Western & Eastern Beltway connection at Interstate 4.

Investment Highlights

  • Very well maintained and designed property
  • All tenants signed to NNN leases
  • Strong and diverse corporate tenant mix
  • Excellent strategic location

Exclusively Listed By

Financing By

Mixed-Use

VANTAGE POINT

Listing Price: $18,975,000

Cap Rate
6.13%
Number of Suites
9
Gross SF
110,000
Rentable SF
110,000
Price/Gross SF
$172.50
Lot Size
10.25 acres
Year Built
2007

Investment Highlights

  • Very well maintained and designed property
  • All tenants signed to NNN leases
  • Strong and diverse corporate tenant mix
  • Excellent strategic location

Investment Overview

Marcus & Millichap is proud to present for sale Vantage Point located in Sanford, Florida 32771. This property consists of 10.25 acres of land and a 110,000 square foot Class A flex use property. This property includes four tilt up wall constructed and architecturally enhanced buildings developed in 2007. The property is an attractive opportunity due to its tilt up wall construction, efficient floor plates and single-story design which appeals to tenants seeking an excellent corporate image. The different buildings can cater for the needs of small and large corporate tenants alike with significant rent growth potential, while retaining tenants at above-average rates. Current tenants are all signed to triple-net leases with annual rent increases and most have extension options as well. Vantage Point features a diverse mix of tenants operating across a variety of different industries at a regional and nationwide level. Potential investors receive the security of cash flow and reduced risk associated with any specific sector of the economy. Significant upside can be obtained through rental vacancies in a highly desirable property and due to its high growth location. The property’s location offers its tenants a wide variety of educated labor nearby along with great housing opportunities nearby Lake Mary/Heathrow. Sanford is very convenient to Orlando based businesses for their proximity to the SR-317 highway, allowing them to attract and retain a labor force from the entire region. The property is approximately 21.70 miles North of downtown Orlando. The property is ideally situated along a five (5) lane major artery, Monroe Road is just 1.5 miles north of Highway 46. The access is excellent with unobstructed ingress and· egress for both North and South bound traffic. The property has great access to Interstate 4 from both the North and the South and is located a mere 3.67 miles from the intersection of Western & Eastern Beltway connection at Interstate 4.

Exclusively Listed By

Financing By

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