Industrial Strip Center Portfolio

$12,500,000
For sale
13461 Property ID
52,750 SqFt Size

Description

Industrial Investment Highlights

Value-Add Opportunity: Masonry base with metal caps, small bay multi-tenant industrial property with significant upside potential from below-market rents across 15 tenants on short-term leases.

The current rent per square foot averages to $9.63, well below current market rates. This provides the opportunity to bring all the leases to market rates soon after purchase.

Property Size: 3 buildings totaling ±52,750 square feet of small bay space, providing stable cash flow with potential for rent increases.

Prime Location: Strategically located near downtown Orlando and Orlando International Airport, offering easy access to major transport routes and high foot traffic.

Assumable Loan: Opportunity to assume a loan with a competitive 3.8% fixed interest rate, expiring in 2031, adding long term stability.

Favorable Financing: $6,123,000 remaining CMBS loan balance for both properties, enhancing potential returns.

Upside Potential: This property offers substantial upside potential through rent adjustments, premium location, and solid tenant base, making it a strong investment opportunity.

Retail Strip Investment Highlights

Fully Leased with Strong Tenant Mix: The center is 100% occupied by strong and regional tenants including Verizon Wireless, Jimmy John’s, Tropical Smoothie, and Midwest Express.

High-Visibility Location: This property sits elevated on and avenue which sees over 45,700 VPD and is out-parcel to a Super Walmart.

Attractive Net Lease Structure: All tenants have NNN leases, limiting landlord responsibilities.

Newer Construction (2020): Modern 8,433 SF retail building with high-quality finishes and minimal capital expenditure requirements.

Extremely High Population: There are over 258,000 residents in a 3-mile radius and over 698,000 in a 5-mile radius.

Prime Retail Synergy: Positioned as one of five Walmart outparcels, alongside Portillo’s, Starbucks, Golden Corral, and Wendy’s, creating a high-traffic retail destination with strong national co-tenancy.

Address

Overview

  • Property ID 13461
  • Price $12,500,000
  • Property Type , ,
  • Property status
  • Year Built 1986
  • Size 52,750 SqFt
  • Land area 133,293 SqFt
  • Subtype Distribution, Warehouse
  • Tenancy Multi
  • Number of Tenants 15
  • Square Footage 52,750
  • NOI $481,574
  • Year Renovated 1995
  • Occupancy 100%
  • Lot Size (acres) 3.06
  • Rent per square foot averages $9.63
  • Buldings 3

Contact

Cynthia Hill

Property Agent

Other Properties
Please enter your Name!
Please enter your Phone!
Please enter your valid Email!
Please enter your Message!