Office Suites for Lease

(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)

Agent

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.