Multi-Tenant Office Investment Opportunity, Altamonte Springs

Property ID : 220 N Westmonte Drive

For Lease, For Sale $1,800,000.00 ($100 PSF) - Investment, Office
18031 SF Print

220 N Westmonte Drive, Altamonte Springs, FL

  • (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 suites totaling 3,492 SF for an owner user (2nd Floor)
  • Several Units Built Out as Medical Space
  • Close to I-4, SR 436, SR 434, and close to several restaurants
  • Current NOI at 74% Leased is $119,788 (7% Cap Rate at 74% 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 F Available:                            1,826 SF                $2,282.50 NNN
  • Lease Rate:                                     $15.00 NNN ($2.35 NNN expenses)
  • Sales Price:                                      $1,800,000  ($100 PSF)
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Agent Vincent Wolle, CCIM, SIOR

  • Office : 407-647-0200
  • Mobile : 407-448-1823
  • Fax : 407-647-0205

As the founder of RREP, Vince has had over 18 years experience in the commercial real estate market and has…
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