Description
We are pleased to bring to market 6100 Lake Ellenor, a rare add-value opportunity. The building is a 38,420 square foot office building located in the Orlando Central Park submarket which is home to 23,000 employees and local businesses. The property currently has 30.67% vacancy and features a mixture of small and large tenants allowing an owner to have stabilized cash-flow, as well as, opportunity to push rents on the small spaces. The property's current cap rate is 6.18% and new ownership has the immediate ability to grow it by 9.62% bringing the property to a potential 15.8% cap rate. Dont miss this opportunity, call for details.Price Reduced - Motivated Seller! Value-Add Opportunity 30.67% Vacancy Grow the cap by 9.62% immediately Strong growth market Small & large office suites Great for investment & owner operatorHalf mile from the future UCF South Orlando Campus 23,000 employees in the immediate area Abundant Parking Quick access to major highways (I-4 & 528)
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0BEDS
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3.15ACRES
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01/2 BATHS
School Ratings & Info
Description
We are pleased to bring to market 6100 Lake Ellenor, a rare add-value opportunity. The building is a 38,420 square foot office building located in the Orlando Central Park submarket which is home to 23,000 employees and local businesses. The property currently has 30.67% vacancy and features a mixture of small and large tenants allowing an owner to have stabilized cash-flow, as well as, opportunity to push rents on the small spaces. The property's current cap rate is 6.18% and new ownership has the immediate ability to grow it by 9.62% bringing the property to a potential 15.8% cap rate. Dont miss this opportunity, call for details.Price Reduced - Motivated Seller! Value-Add Opportunity 30.67% Vacancy Grow the cap by 9.62% immediately Strong growth market Small & large office suites Great for investment & owner operatorHalf mile from the future UCF South Orlando Campus 23,000 employees in the immediate area Abundant Parking Quick access to major highways (I-4 & 528)
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