1021 W Fairbanks Ave - Freestanding FOR SALE


Winter Park, FL 32789
$1,695,444 USD
407-539-4844
1021 W Fairbanks Ave, Winter Park, FL for Sale
$1,695,444 USD
Freestanding - FOR SALE
1/31
null | 5.3% Cap Rate

1021 W Fairbanks Ave
Winter Park, FL 32789


OVERVIEW

12,656 sq ft (+/-) Land area | 0.29 acres (+/-) 5,676 sq ft improvements Zoned C- 1 The property is a freestanding flex building located at 1021 West Fairbanks Avenue in Winter Park, Florida. Totals approximately 5,676 square feet on 0.29 acres. The reinforced concrete constructed asset was delivered in 1925 and features numerous UN use specific improvements including a compounding lab. The asset maintains 14 parking spaces, a coveted amenity in the dense Winter Park Market and was within walking distance to several residential zones. New roof 2025. lot size 50 X 245 The current tenant is Taylor's Pharmacy, who has a lease paying $7,500 per month triple net that expires in June of 2025. They are negotiating a one-year extension at $8,000 per month triple net. The tenant leases “As is” the tenant pays respective vendors directly for all operating expenses, including but not limited to, real estate taxes, building insurance, interior and exterior maintenance, utilities, and any other cost incurred by the use of the premises. The tenant pays its own cost and expense to keep and maintain all parts of the premises, including windows, glass doors, interior, exterior, Walls, floors, interior, HVAC ,plumbing, roof and parking lot. The tenant is responsible for all capital replacements, including AC roof, four outer walls and parking lot. The present tenant uses the building as a certified sterile and non sterile compounding site and rooms that meet USP 795, USP 797, and USP 800 standards for the compounding industry. For further information :Michael O'Shaughnessy CCIM 407-539-4844 44@michaeloshaughnessy.com

FOR SALE DETAILS

PRICE

$1,695,444 USD

PRICE/SF

$300 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C3, City

APN/PARCEL ID

01-2229-4512-02-040

ASK ABOUT THIS PROPERTY

Michael O'ShaughnessyMichael O'Shaughnessy Inc. REAL ESTATE BROKERSMore Info
407-539-4844

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Michael O'ShaughnessyMichael O'Shaughnessy Inc. REAL ESTATE BROKERSMore Info
407-539-4844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.