3240-3248 W Colonial Dr, Orlando, FL32808
Sold $900,000.00 - Investment
3240-3248 W Colonial Dr, Orlando, FL 32808
- (2) Buildings totaling 10,189 SF 100% leased
- Existing tenants are on the 2nd round of renewal options
- 3240: Rented to Rent N Roll and is 5,189 SF with 100% AC space
- 3248: Rented to Low Price Auto Glass and is a 5,000 SF warehouse built in 2004 with 300 SF of office space
- 1.03 acres zoned AC-2 (200′ x 225′ lot with 22 parking spaces)
- Dual curb cut access points on both the east and west side of the site
- Large pole sign and great building signage
- Both Leases expire in 3 years with options to renew
- Current rents are below market values leaving upside potential
- Net Operating Income: $103,250
- Sale Price: $900,000 (11% CAP Rate)
- PRICED TO SELL FAST
Additional Details
- Land Size: 1.03
- Availability: Now
- Lease Price: NA
