Office
State of FL DOC Building
27 Coburn Ave, Orlando, FL 32805
Listing Price: $2,995,000
Cap Rate
7.01%
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.
State of FL DOC Building
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
Listing Price: $2,995,000
Cap Rate
7.01%
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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