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Single-Tenant Industrial

880 Carter Road

880 Carter Rd, Winter Garden, FL 34787

Listing Price: $1,400,000

Cap Rate
7.02%
Lot Size
1.18 acres
Year Built
1989
Rentable SF
10,925

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a STNL industrial sale-leaseback located at 880 Carter Rd in Winter Garden, Florida. The subject property consists of approximately 10,925 square feet of office-warehouse space and is situated on 1.18 acres of land. The asset features ample outside storage space, two grade-level doors, +/- 2500 square feet of office space. The structure of the building consists of metal and roof is in good condition. Upon the sale of this transaction the seller is willing to sign a 5 year NNN lease. The tenant Edwards Concrete is a licensed contractor of Bomanite Imprint and Polishing Systems with 40 + years of business. Well located less than a mile off of SR 429 Florida's Turnpike. Vacancy sits at 4.7% in immediate sub-market with effective rents ranging from $8 - $12 SQFT. Orlando MSA industrial rent has increased 4.9% Y-O-Y and trajectory continues to push upward. Prior to the pandemic, Orlando ranked among the nation’s top markets for in-migration and job creation. These increases and a rise in e-commerce spending allowed the metro’s industrial sector to be relatively insulated from the impacts of the health crisis, with the segment recording positive net absorption during each quarter in 2020 and the first quarter of this year. That trend should continue as a strong rate of employment growth draws more households to the metro in 2021 and bolsters consumer spending.

Investment Highlights

  • Located Just Off Of SR 429 Florida's Turnpike With Proximity To Orlando International Airport (MCO)
  • Metal Construction Featuring 2 Grade Level Door Ample For Semi-Trucks
  • 10,925 Square-Foot Property Including Outside Storage Situated On 1.18 Acres Of Land
  • Newly Executed 5 Year NNN Lease With Strong Tenant

Exclusively Listed By

Financing By

Single-Tenant Industrial

880 Carter Road

Listing Price: $1,400,000

Cap Rate
7.02%
Lot Size
1.18 acres
Year Built
1989
Rentable SF
10,925

Investment Highlights

  • Located Just Off Of SR 429 Florida's Turnpike With Proximity To Orlando International Airport (MCO)
  • Metal Construction Featuring 2 Grade Level Door Ample For Semi-Trucks
  • 10,925 Square-Foot Property Including Outside Storage Situated On 1.18 Acres Of Land
  • Newly Executed 5 Year NNN Lease With Strong Tenant

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a STNL industrial sale-leaseback located at 880 Carter Rd in Winter Garden, Florida. The subject property consists of approximately 10,925 square feet of office-warehouse space and is situated on 1.18 acres of land. The asset features ample outside storage space, two grade-level doors, +/- 2500 square feet of office space. The structure of the building consists of metal and roof is in good condition. Upon the sale of this transaction the seller is willing to sign a 5 year NNN lease. The tenant Edwards Concrete is a licensed contractor of Bomanite Imprint and Polishing Systems with 40 + years of business. Well located less than a mile off of SR 429 Florida's Turnpike. Vacancy sits at 4.7% in immediate sub-market with effective rents ranging from $8 - $12 SQFT. Orlando MSA industrial rent has increased 4.9% Y-O-Y and trajectory continues to push upward. Prior to the pandemic, Orlando ranked among the nation’s top markets for in-migration and job creation. These increases and a rise in e-commerce spending allowed the metro’s industrial sector to be relatively insulated from the impacts of the health crisis, with the segment recording positive net absorption during each quarter in 2020 and the first quarter of this year. That trend should continue as a strong rate of employment growth draws more households to the metro in 2021 and bolsters consumer spending.

Exclusively Listed By

Financing By

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