Multi-Tenant Investment Property

Multi-Tenant Investment Property
3240-3248 W Colonial Dr, Orlando, FL32808
Sold $900,000.00 - Investment
SLIV05 10,189 SF

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)

Additional Details

  • Land Size: 1.03
  • Availability: Now
  • Lease Price: NA
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Agent Vincent Wolle, CCIM, SIOR

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