126-132 E Colonial Dr - Office FOR SALE
Orlando, FL 32801 |
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.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Colonial Office Building
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
30090
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1958
SPRINKLERS
-
PARKING SPACES
59
LAND DETAILS
LAND ACRES
0.87 AC AC
LAND SF
37,897 SF
ZONING
-
APN/PARCEL ID
25-2229-5064-00-240
