The landlord has spent over $1MM in improvements on the building. The building is being sold at a market Cap Rate and at a price per square foot well below replacement cost.
Introducing an exceptional investment opportunity in the heart of Casselberry, Florida, 950 Casselberry is a prestigious suburban office building that boasts a 92% occupancy rate and a diverse tenant mix including legal, medical, and engineering professionals. This three-story property features 19 units, recently renovated in 2022, offering a total of 43,082 rentable square feet. Situated on an 2.33-acre landscaped lot, 950 Casselberry provides a serene work environment with convenient access to amenities. The property includes a surface parking lot with a 4 per 1,000 parking ratio, outdoor seating areas, and is within walking distance to retail shops and dining options. Its strategic location near Semoran Blvd (State Rd 436) and Orlando International Airport makes it an attractive investment opportunity. With strong rental revenue and carefully managed operating expenses, this property presents a compelling choice for investors looking for stable returns in a prime location.