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.