126-132 E Colonial Dr - Office FOR SALE


Orlando, FL 32801
$6,450,000 USD
407-780-9116
126-132 E Colonial Dr, Orlando, FL for Sale
$6,450,000 USD
Office - FOR SALE
1/29
null | 7.27% Cap Rate

126-132 E Colonial Dr
Orlando, FL 32801


HIGHLIGHTS

  • Excellent visibility with 120 feet of frontage on Colonial Drive, experiencing over 43,000 vehicles per day (VPD).
  • Mixed-Use Building featuring office spaces on the 2nd floor and office/retail spaces on the 1st floor catering to diverse business needs.
  • Substantial parking with 59 spaces at the rear, complemented by street parking along Colonial Drive, Irma, and Hillcrest.
  • Fully leased asset generating stable cash flow which is perfect for a 1031 exchange or long-term investment
  • Existing triple net leases minimize expense liabilities for ownership, enhancing investment stability.
  • Current below-market rents present a significant value add opportunity upon lease expirations.

OVERVIEW

Tony Nguyen, CCIM with The TRG Group, is pleased to present 126 E Colonial Drive, a premier mixed-use property in Orlando, FL. This two-story building offers office spaces on the second floor and office/retail spaces on the first, fully leased and generating stable cash flow. With 59 parking spaces and additional street parking, this well-positioned asset provides ample accessibility for tenants and visitors alike. The property features triple net leases to minimize expense liabilities and utilizes a core factor on the second floor, maximizing rentable space revenue. Current below-market rents provide significant value-add potential upon lease renewals. Its strategic location boasts 120 feet of frontage on Colonial Drive, with over 43,000 VPD, and is surrounded by a dense population of approximately 20,000 residents within a 1-mile radius, with an average household income of $100,000. Adjacent to new developments, including a four-story office building designed by a renowned architectural firm, this property is poised for future growth. Its flexible lease structures offer opportunities for owner-occupiers to acquire and operate within the building. Proximity to downtown Orlando and access to public transportation further enhance its appeal. This offering represents a compelling investment opportunity in a dynamic and rapidly growing market.

FOR SALE DETAILS

PRICE

$6,450,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

O-3/T

APN/PARCEL ID

29-2225-5064-00-240

ASK ABOUT THIS PROPERTY

Tony Nguyen, CCIMTRG GroupMore Info
407-780-9116

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Tony Nguyen, CCIMTRG GroupMore Info
407-780-9116

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