3850 E Lake Mary Blvd.
3850 E. Lake Mary Boulevard, Sanford, Florida 32773
Sold: $6,250,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
42,427 sqft
Land Size
10.21 acres
Zoning
M-1
Year Built
2015
Annual Noi
$462,000
Tenant Lease
10-yr, NNN
Construction
Masonry
Property Description
This 10.21+/- acre complex is prominently located on the main thoroughfare—East Lake Mary Blvd.—that runs the perimeter of the Orlando-Sanford International Airport.
Built in 2015, the 3 buildings are a mix of warehouse, office and manufacturing space totaling 42,427 SF. The complex, zoned M-1: Industrial District, also includes 2 pavilions and secured yard storage.
Lease Overview
- National Tenant on 10-year, NNN Lease since 2017
- Two additional 5-yr renewal options
- Annual NOI: $462,000
- Current use is pre-cast concrete manufacturing plant
- Additional details available upon receipt of a signed CA
Less than 4 miles from the Orlando-Sanford International Airport.
Population growth of 8.3% within 1 mile of the site is projected in within 5 years and the median HH Income is currently $62,000.
Offered for sale at $6.6M | 7% Cap rate.