Shopping Neighborhood
CYPRESS PLAZA | VALUE-ADD | 7.30% YR 1 CAP | $13.16/SF NET RENTS | FLEX USE POTENTIAL
201 W Cypress St, Kissimmee, FL 34741
Listing Price: $2,705,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire this fully lease multi tenant retail center in the heart of Kissimmee, FL. Offered at $180/SF with a 7.30% Year 1 CAP. Currently operated under Gross lease structures, providing value-add through conversion to NNN leases over time.
Average net rents currently at $13.16/SF, with average market rents at $31.32 (According to CoStar). This provides a clear opportunity for future rent growth and improved expense recovery.
Strategically located just off W Vine St (US-192), one of Kissimmee’s primary commercial corridors. The location offers convenient access to John Young Parkway, Osceola Parkway, Florida’s Turnpike, I-4, and the greater Orlando MSA.
The surrounding area is supported by major employers, national retailers, schools, healthcare providers, and dense residential neighborhoods, including proximity to HCA Florida Osceola Hospital and Kissimmee Gateway Airport. The property is further supported by strong demographic growth, with approx. 228,355 residents within a five mile radius, projected to increase to 246,866 by 2030.
Combined with full occupancy, below-market rents, and the ability to improve lease structure, 201 W Cypress St presents a stable in place asset and a clear place for long term income growth.
CYPRESS PLAZA | VALUE-ADD | 7.30% YR 1 CAP | $13.16/SF NET RENTS | FLEX USE POTENTIAL
Investment Highlights
- Value-Add Opportunity Through Lease Conversion: All current tenants are operating under gross leases, creating a clear path for future NOI growth through converting leases to NNN.
- Individual Condo Units: The property is compromised of 10 individual condo units providing investors with added flexibility for future ownership structure.
- Ample On-Site Parking: The property offers ~60 parking spaces, providing convenient access.
- Attractive Entry Point Below Replacement Cost: Offered at approximately $180/SF, the Property presents an attractive entry point for a fully occupied multi-tenant industrial/flex asset in the growing Kissimmee market.
- Flex Use Potential: Select units are equipped with roll-up doors, providing added functionality for tenants.
- Additional Upside: Current Net rents sit at $13.16/PSF vs. Market $31.32 PSF (Per CoStar).
- Strategic Central Kissimmee Location: Positioned just off W Vine Street (US-192), one of Kissimmee's primary commercial corridors with traffic counts exceeding 46,000 VPD, offering excellent accessibility.
- Strong Regional Connectivity: The Property benefits from immediate access to US-192, John Young Parkway, Osceola Parkway, Florida's Turnpike, and Interstate 4, allowing convenient access throughout the greater Orlando MSA.
Exclusively Listed By
Financing By
Shopping Neighborhood
CYPRESS PLAZA | VALUE-ADD | 7.30% YR 1 CAP | $13.16/SF NET RENTS | FLEX USE POTENTIAL
Listing Price: $2,705,000
Investment Highlights
- Value-Add Opportunity Through Lease Conversion: All current tenants are operating under gross leases, creating a clear path for future NOI growth through converting leases to NNN.
- Individual Condo Units: The property is compromised of 10 individual condo units providing investors with added flexibility for future ownership structure.
- Ample On-Site Parking: The property offers ~60 parking spaces, providing convenient access.
- Attractive Entry Point Below Replacement Cost: Offered at approximately $180/SF, the Property presents an attractive entry point for a fully occupied multi-tenant industrial/flex asset in the growing Kissimmee market.
- Flex Use Potential: Select units are equipped with roll-up doors, providing added functionality for tenants.
- Additional Upside: Current Net rents sit at $13.16/PSF vs. Market $31.32 PSF (Per CoStar).
- Strategic Central Kissimmee Location: Positioned just off W Vine Street (US-192), one of Kissimmee's primary commercial corridors with traffic counts exceeding 46,000 VPD, offering excellent accessibility.
- Strong Regional Connectivity: The Property benefits from immediate access to US-192, John Young Parkway, Osceola Parkway, Florida's Turnpike, and Interstate 4, allowing convenient access throughout the greater Orlando MSA.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire this fully lease multi tenant retail center in the heart of Kissimmee, FL. Offered at $180/SF with a 7.30% Year 1 CAP. Currently operated under Gross lease structures, providing value-add through conversion to NNN leases over time. Average net rents currently at $13.16/SF, with average market rents at $31.32 (According to CoStar). This provides a clear opportunity for future rent growth and improved expense recovery. Strategically located just off W Vine St (US-192), one of Kissimmee’s primary commercial corridors. The location offers convenient access to John Young Parkway, Osceola Parkway, Florida’s Turnpike, I-4, and the greater Orlando MSA. The surrounding area is supported by major employers, national retailers, schools, healthcare providers, and dense residential neighborhoods, including proximity to HCA Florida Osceola Hospital and Kissimmee Gateway Airport. The property is further supported by strong demographic growth, with approx. 228,355 residents within a five mile radius, projected to increase to 246,866 by 2030. Combined with full occupancy, below-market rents, and the ability to improve lease structure, 201 W Cypress St presents a stable in place asset and a clear place for long term income growth.
Exclusively Listed By
Financing By
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