The Depot Altamonte Springs | 1159 E Altamonte Dr
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The Depot Altamonte Springs 1159 E Altamonte Dr
7,224 SF 100% Leased Retail Building Altamonte Springs, FL 32701 £1,351,996 (£187/SF) 7.33% Net Initial Yield
EXECUTIVE SUMMARY
The Depot Business Center in Altamonte Springs presents an incredible investment opportunity to acquire a prime, multitenant, free-standing multi-use building; retail, office, and commercial. This one-story establishment provides an ideal setting for small and medium businesses. The property offers several perks, including ample surface parking and monument signage. 1159 E Altamonte Drive provides unparalleled convenience for entrepreneurs since it is directly across from several high-traffic retail complexes. Businesses will thrive in this vibrant area, benefiting from exceptional visibility with an average of 48,500 daily vehicles passing along Altamonte Drive. Additionally, The Depot's strategic positioning, just over 2 miles from Interstate 4, ensures optimal connectivity to Orlando's metro area. The property is only 13 miles from Orlando Sanford Airport (SFB) and a 30-minute drive from Orlando International Airport (MCO) and only 1.6 miles away from the Altamonte Mall.
The property features a new roof that was re-done in 2023 and is under a 10-year warranty and new exterior painting.
The property features a new roof that was re-done in 2023 and is under a 10-year warranty and new exterior painting.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,224 SF
Building Class
B
Year Built
2001
Price
£1,351,996
Price Per SF
£187
Net Initial Yield
7.33%
NOI
£99,101
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
MOC-2 - Commercial
Parking
33 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
200 ft on Altamonte Dr
AMENITIES
- Bus Route
- Pylon Sign
- Signage
- Monument Signage
NEARBY MAJOR RETAILERS
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The Depot Altamonte Springs | 1159 E Altamonte Dr
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