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1211 STATE ROAD 436

Commercial For Sale
$12,495,000

BTC: 128.55709350

ETH: 3,590.14584698

-$1M (2024/12/19)
216 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Welcome to Casselberry Corporate Center. This Class A office center offers an impressive 83,520 SF of total building space, with 80,035 SF of leasable square footage and is situated on a sprawling 361,112 SF, 8.29 acre lot. This property is strategically located near Winter Park and Maitland, esteemed sub-markets in the Orlando regional area. The subject property has undergone over $1 million in significant recent upgrades, including upgraded LED lighting and flooring in nearly all units, a remodeled lobby and common areas, new HVAC, new lot paving, upgraded bathrooms, a new tenant directory, LED lights in the parking lot, all new irrigation plus landscaping and much more. The property is turn-key ready and move-in ready to operate. This 8.29 acre office site features a picturesque, park-like setting adorned with mature trees, an inviting outdoor seating area, and convenient proximity to convenience stores and restaurants, as well as direct access to Orlando International Airport via Semoran Blvd. This meticulously upgraded office space offers a prime investment opportunity in a thriving location. This corporate office center is priced to sell at $167.03 per square foot. This building is perfect for an owner-user corporate headquarters or an investor. Strong tenant mix. 6.8% actual cap rate with 86% occupancy. Projected cap rate is 8.8% once fully leased. An opportunity for an owner user to take up to 45k SF.

Location

Facts and features

Type:
Commercial Sale
Parking:
Ground Level / Lighted / Over 30 Spaces
Year Built:
1986
Lot:
8.29 Acres
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

  • Parking

    • Ground Level

    • Lighted

    • Over 30 Spaces

    Property

    • Levels: Three Or More

    Lot

    • Lot: 8.29 Acres

    Other Property Information

    • Parcel Number: 28213053400000010

    • Zoning: PMX-L

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Other financial information

    • Annual tax amount: $80,611

  • Source details

    • MLS ID: O6207211

    Other facts

    • Construction Materials: Other

    • Foundation Details: Slab

    • Subdivision Name: INTERLACHEN CORPORATE CENTER

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