Investment Overview

Marcus & Millichap is pleased to exclusively present for sale 12001 Science Drive, a core-plus, Class A flex office property located directly adjacent to the Central Florida Research Park, one of the leading hubs for defense, simulation, and advanced training industries in the United States. The 55,609-square-foot, four-tenant property is 100% occupied with 3% annual rent escalations and a 4.11-year WALE (area) | 4.09-year WALE (rent). A passive NNN lease structure, reimbursement of management fees, and recent capital improvements, including a new roof completed in 2026 ($228,000), further enhance cash-flow durability and reduce ongoing landlord responsibilities. In-place base rents of $16.24 NNN plus $6.52 SF in OpEx are ~30% below the $29.88 SF submarket average (CoStar, April 2026); ARGUS model assumption: $19.52 SF. The property is anchored by a mission-critical tenant mix spanning defense, healthcare, security, and government services, including Katmai, MicroHealth, Security 101, and DaVita (NYSE: DVA; S&P: BB). The tenants have located in this facility due to the close proximity to their clients including the Naval warfare training, defense, simulation and government command centers located within the Central Florida Research Park. Adjacency to UCF, the third-largest university in the United States, further strengthens labor access, tenant retention, and long-term replacement demand. The property is located within Orlando’s University / Research Park submarket, one of the region’s most stable and resilient office markets, supported by a 9.6% five-year average vacancy rate and 3.2% five-year average rent growth (CoStar, April 2026). The submarket benefits from high renewal probability, and demand driven by mission-critical industries. Within ten miles, the area supports a population of 674,136, an increase of 18% since 2010, with an average household income of $107,572. Daytime population increases by 30% within three miles, driven by employment at the Central Florida Research Park and UCF. With durable income, rising replacement costs, and a location within one of the nation’s most significant defense and innovation ecosystems, 12001 Science Drive presents investors with the opportunity to acquire an institutional-quality asset offering stable cash flow and clear upside.