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Office

State of FL DOC Building

27 Coburn Ave, Orlando, FL 32805

Listing Price: $2,995,000

Cap Rate
6.96%
Rentable SF
16,826
Lot Size
1.33 acres
Year Built
1957

Investment Overview

18,000 Square Foot Single-Tenant Office Building (16,826 RSF) | 100% Leased to Department of Corrections in Orlando, Florida.

Investment Highlights

  • 18,000 Square Foot Single-Tenant Office Building (16,826 RSF) | 100% Leased to Department of Corrections
  • State of Florida Guaranteed Lease | Provides Stable & Predictable Cashflow for Years to Come
  • Recently Executed a Long-Term, Stay-in-Place Lease (Running Through 10/31/31)
  • Extensive/Recent Remodel to Meet Tenant's Needs
  • Established and Essential Location for State of Florida DOC (Tenant in Building Since 2005)
  • 86 Parking Spaces | Parking Ratio = 5/1,000 SF (75 Spaces Required Under the Lease)
  • Located two Miles From Interstate-4 | Which Benefits From 201,000 Vehicles Daily
  • Seller Continues Rolling Retrofit of LED Lighting | Buyer will Benefit from Reduced Annual Operating Expenses

Exclusively Listed By

Office

State of FL DOC Building

Listing Price: $2,995,000

Cap Rate
6.96%
Rentable SF
16,826
Lot Size
1.33 acres
Year Built
1957

Investment Highlights

  • 18,000 Square Foot Single-Tenant Office Building (16,826 RSF) | 100% Leased to Department of Corrections
  • State of Florida Guaranteed Lease | Provides Stable & Predictable Cashflow for Years to Come
  • Recently Executed a Long-Term, Stay-in-Place Lease (Running Through 10/31/31)
  • Extensive/Recent Remodel to Meet Tenant's Needs
  • Established and Essential Location for State of Florida DOC (Tenant in Building Since 2005)
  • 86 Parking Spaces | Parking Ratio = 5/1,000 SF (75 Spaces Required Under the Lease)
  • Located two Miles From Interstate-4 | Which Benefits From 201,000 Vehicles Daily
  • Seller Continues Rolling Retrofit of LED Lighting | Buyer will Benefit from Reduced Annual Operating Expenses

Investment Overview

18,000 Square Foot Single-Tenant Office Building (16,826 RSF) | 100% Leased to Department of Corrections in Orlando, Florida.

Exclusively Listed By

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