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$ 12,495,000
Est. payment /mo
Price Dropped by $455K
1211 STATE ROAD 436 Casselberry, FL 32707
83,520 SqFt
UPDATED:
12/19/2024 08:25 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 83,520 sqft
Price per Sqft $149
Subdivision Interlachen Corporate Center
MLS Listing ID O6207211
HOA Y/N No
Originating Board Stellar MLS
Year Built 1986
Annual Tax Amount $80,611
Lot Size 8.290 Acres
Acres 8.29
Property Description
Welcome to Casselberry Corporate Center. This Class A office center offers an impressive 83,520 SF of total building space, with 80,035 SF of leasable square footage and is situated on a sprawling 361,112 SF, 8.29 acre lot. This property is strategically located near Winter Park and Maitland, esteemed sub-markets in the Orlando regional area. The subject property has undergone over $1 million in significant recent upgrades, including upgraded LED lighting and flooring in nearly all units, a remodeled lobby and common areas, new HVAC, new lot paving, upgraded bathrooms, a new tenant directory, LED lights in the parking lot, all new irrigation plus landscaping and much more. The property is turn-key ready and move-in ready to operate. This 8.29 acre office site features a picturesque, park-like setting adorned with mature trees, an inviting outdoor seating area, and convenient proximity to convenience stores and restaurants, as well as direct access to Orlando International Airport via Semoran Blvd. This meticulously upgraded office space offers a prime investment opportunity in a thriving location. This corporate office center is priced to sell at $167.03 per square foot. This building is perfect for an owner-user corporate headquarters or an investor. Strong tenant mix. 6.8% actual cap rate with 86% occupancy. Projected cap rate is 8.8% once fully leased. An opportunity for an owner user to take up to 45k SF.
Location
State FL
County Seminole
Community Interlachen Corporate Center
Zoning PMX-L
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Ground Level, Lighted, Over 30 Spaces
Building
Story 3
Entry Level Three Or More
Foundation Slab
Lot Size Range 5 to less than 10
Structure Type Other
New Construction false
Others
Ownership Other
Special Listing Condition None
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