950 S Winter Park Dr - Office FOR SALE


Casselberry, FL 32707
$5,300,000 USD
321-248-4364
950 S Winter Park Dr, Casselberry, FL for Sale
$5,300,000 USD
Office - FOR SALE
1/6
null | 7.9% Cap Rate

950 S Winter Park Dr
Casselberry, FL 32707


HIGHLIGHTS

  • Well-located on three major streets with close proximity to the Orlando International Airport, restaurants, and the University of Central Florida.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 950 Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

208

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

CG, Casselberry

APN/PARCEL ID

21-21-30-506-0B00-0000

ASK ABOUT THIS PROPERTY

Wendell SantiagoRealty Capital AdvisorsMore Info
321-248-4364

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Wendell SantiagoRealty Capital AdvisorsMore Info
321-248-4364

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