3850 E Lake Mary Blvd.

  SOLD October 2021 for $6,250,000

3850 E. Lake Mary Boulevard, Sanford, Florida 32773


Documents
  • 3850_E_LkMaryBlvd-Brochure-2020-09.24-web.pdf (821.3 KB)   view   download
Building Size42,427 Square Feet
Land Size10.21 Acres
ZoningM-1
Year Built2015
ConstructionMasonry
Tenant Lease10-yr, NNN
Annual NOI$462,000

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.


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


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