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Multi-Tenant Building - 1235 N Orange Ave 1235 N Orange Ave 9,916 sq ft 100% Let Retail Property Orlando, FL 32804 £2,763,989 (£278.74/sq ft) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Triple NNN - 7% Cap Rate
- Directly in front of Gaston Edwards Park and Lake Ivanhoe and few miles north of Downtown Orlando
- Excellent visible location
- 100% Occupied by 3 tenants
- N Orange Ave with 19,700+ AADT
EXECUTIVE SUMMARY
Multi-Tenant Building located directly on N Orange Avenue near Mills Park on Ivanhoe Village with great visibility. Existing 9,916 square foot, two story building on 10,689 square foot. Close to The Yard At Ivanhoe development with 591 residential units and 45,000 SF commercial, and close to Lake House a 9-story Mixed Use building with 252 units. Less than a half mile from the 172 acre Florida Hospital Health Village, with more than 800 beds.
PROPERTY FACTS
Sale Type
Investment
Property Type
Property Size
9,916 sq ft
Costar Property Class
C
Year Built/Renovated
1925/1975
Price
£2,763,989
Price per sq ft
£278.74
Yield
7%
NOI
£193,479
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Floor To Floor Height
9 ft
Plot ratio
0.91
Total Plot Size
0.25 ac
Use Class
MU2/SPT, Orlando - Mixed-Use (MU)
Parking
9 Spaces (0.91 Spaces per 1,000 sq ft Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Amanda Stone Hair Salon
- -
- 1,300 sq ft
- £1.75
- NNN
- Dec 2036
- Hyperbolic Brewing
- -
- 3,990 sq ft
- £2.20
- NNN
- May 2036
- The East Tattoo
- -
- 2,335 sq ft
- £1.84
- NNN
- Jul 2028
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Amanda Stone Hair Salon | - | 1,300 sq ft | £1.75 | NNN | Dec 2036 | |
| Hyperbolic Brewing | - | 3,990 sq ft | £2.20 | NNN | May 2036 | |
| The East Tattoo | - | 2,335 sq ft | £1.84 | NNN | Jul 2028 |
Walk Score®
Easily Walkable (75)
Bike Score®
Ideal For Cyclists (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-2229-4472-01-090 | Improvements Assessment | £1,154,409 |
| Land Assessment | £236,692 | Total Assessment | £1,391,101 |
PROPERTY TAXES
Parcel Number
24-2229-4472-01-090
Land Assessment
£236,692
Improvements Assessment
£1,154,409
Total Assessment
£1,391,101
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Multi-Tenant Building - 1235 N Orange Ave | 1235 N Orange Ave
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