3850 E Lake Mary Blvd.
SOLD October 2021 for $6,250,000
3850 E. Lake Mary Boulevard, Sanford, Florida 32773
| Building Size | 42,427 Square Feet |
| Land Size | 10.21 Acres |
| Zoning | M-1 |
| Year Built | 2015 |
| Construction | Masonry |
| Tenant Lease | 10-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.
Agent
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Office Phone: (407) 786-4001Mobile: (407) 476-4555Fax: (407) 786-4003
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.