Industrial Strip Center Portfolio
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.
Overview
- Property ID 13461
- Price $12,500,000
- Property Type Industrial, Retail, Warehouse
- Property status For sale
- 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
