Last updated on September 3rd, 2024
Office Suites for Lease
$15.00/sqft
220 N. Westmonte Drive, Altamonte Springs, Florida 32714
Lease Sizes | 1666-2560 Square Feet |
Building Size | 18,031 Square Feet |
Land Size | 1.05 Acres |
Zoning | Commercial |
Parking | 62 |
Year Built | 1985 |
Construction | Tilt wall construction |
- (6) Suite Multi-Tenant Office Building in Altamonte Springs, FL
- 18,031 SF under roof, 13,080 SF under air, Tilt wall construction (1985)
- 1.05 Commercial zoned site with 62 parking spaces (5/1000)
- Separate meters, glass store fronts, elevator, and some covered parking with nice covered atrium that can be filled in for additional leasable area
- (2) Vacant contiguous suites totaling 4,226 SF for an owner user (2nd Floor)
- Close to I-4, SR 436, SR 434, and close to several restaurants
- Current NOI at 39% Leased is $86,116 (5% Cap Rate at 39% Leased)
- 25% down at 4.75% over 25 Years = $7,618 (P&I) or $91K in Debt Service
- Buyer can lease 1 unit and occupy the other and the rental income will service the debt and expenses and Buyer can occupy a unit at no cost + make money
- Suite C Available: 1,666 SF $2,082.50 NNN
- Suite D Available: 2,560 SF $3,200.00 NNN
- Suite F Available: (Medical) 1,826 SF $2,282.50 NNN
- Lease Rate: $15.00 NNN ($2.35 NNN expenses)
- Sales Price: $1,800,000 ($100 PSF)
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.