5th Street - NNN Leased Opportunity
SOLD November 2020 for $5,100,000
109 and 204 5th Street, Orlando, Florida 32824
| Building Size | 56,743 Square Feet |
| Land Size | 3.04 Acres |
| Zoning | IND-2/IND-3 |
This offer consists of two properties with optimal outside storage and overhangs; with an approximate total of 56,743± RSF. The property is zoned IND-2/IND-3. Within minutes from the Florida Turnpike, The Beachline Expressway, and US 441. In close proximity to the Orlando International Airport. This location is within one of the strongest industrial markets in the country.
Investment Details:
- 8% CAP Rate
- 100% Occupancy
- NOI $420,000
- NNN Lease Term of 60 Months (With two additional 5-year options)
- Escalations Annual 4% increase
- Lease Expiration 12/31/2025
- National company, has been at this location for over 30 years
Agent
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Office Phone: (407) 440-6640Mobile: (407) 257-8320Fax: (407) 219-3501
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.