Sold
Multi-Tenant Investment Property
3240-3248 W Colonial Dr, Orlando, FL32808
$900,000.00
Property Details
Availability
Now
Property Type
Investment
Price
$900,000.00
Area Size
10189
SF
Land Size
1.03
Acre
Property Information
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
Map
Agent
Vincent Wolle
CCIM, SIOR
Office: 407-647-0200
Mobile: 407-448-1823
Fax : 407-647-0205
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