Office

Micro Suite Executive Office

7130 S Orange Blossom Trail, Orlando, FL 32809

Listing Price: $3,557,000

Cap Rate
8.00%
Gross SF
21,510
Rentable SF
21,510
Price/Gross SF
$165.36
Lot Size
1.03 acres
Year Built
1966

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire this fully renovated, mutli-tenant micro suite/executive style office property in Orlando. The property recently underwent major capital improvements and aesthetic upgrades that include the roof, all HVAC units, new flooring, paint, and common area bathrooms, upgraded lighting, owner controlled remote operated thermostats and more in the last 12 months. No near term capital improvements should be required. The property is located on a heavily traveled thoroughfare with AADT of over 58,000 VPD.

Multiple small suites lowers the risk of large vacancies or large TI needs upon rollovers and provides a higher average rent rate. Local tenants serve the surrounding community and include staffing companies, tax help/accounting services, and insurance companies to name a few. New leases have been signed during the pandemic and the current owner has a waiting list of prospects looking for space in the building.

Investment Highlights

  • Aesthetic Renovations to Suites and Common Areas
  • Fully Occupied
  • Recent Capital Improvements

Exclusively Listed By

Listing Price: $3,557,000

Cap Rate
8.00%
Gross SF
21,510
Rentable SF
21,510
Price/Gross SF
$165.36
Lot Size
1.03 acres
Year Built
1966

Investment Highlights

  • Aesthetic Renovations to Suites and Common Areas
  • Fully Occupied
  • Recent Capital Improvements

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire this fully renovated, mutli-tenant micro suite/executive style office property in Orlando. The property recently underwent major capital improvements and aesthetic upgrades that include the roof, all HVAC units, new flooring, paint, and common area bathrooms, upgraded lighting, owner controlled remote operated thermostats and more in the last 12 months. No near term capital improvements should be required. The property is located on a heavily traveled thoroughfare with AADT of over 58,000 VPD.

Multiple small suites lowers the risk of large vacancies or large TI needs upon rollovers and provides a higher average rent rate. Local tenants serve the surrounding community and include staffing companies, tax help/accounting services, and insurance companies to name a few. New leases have been signed during the pandemic and the current owner has a waiting list of prospects looking for space in the building.

Exclusively Listed By

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