8.25% Cap - LEASE BACK SALE | 812 N Thornton Ave
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8.25% Cap - LEASE BACK SALE 812 N Thornton Ave
1,149 SF Office Building Orlando, FL 32803 £473,400 (£412/SF) 8.25% Net Initial Yield
Investment Highlights
- Lease Back: $4,125.00/Month + NNN + 5 year term + 3.00% annual escalations.
- Located minutes from Downtown Orlando
- Public water and sewage
- Stand Alone office building
- Approx. 1200 SF
- waiting room, kitchenette/breakroom, and 3 individual offices + conference room
Executive Summary
Commercial Real Estate Professionals, Inc and Mark Allen are pleased to offer this Lease Back Commercial Building for sale. The current owner/tenant has been in business 20+ years and will lease the site back at $4,125/month+NNN on a 5 year lease term with 3% Annual escalations. The site has Public water and sewage, approx 1200 SF, and has a waiting room, kitchenette/breakroom, and 3 individual offices + conference room. Measurements below. Call for showing!
Waiting room 11.3x11.3, Kitchenette/Breakroom 11.3x11.3
Room sizes: Office 1: 11.3x11.3, Office 2: 13.9x11.3, Office3: 12.9x11.1,
Conference Room: 15.3x11.5, Back Office: 12.6x9.3
Waiting room 11.3x11.3, Kitchenette/Breakroom 11.3x11.3
Room sizes: Office 1: 11.3x11.3, Office 2: 13.9x11.3, Office3: 12.9x11.1,
Conference Room: 15.3x11.5, Back Office: 12.6x9.3
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,149 SF
Building Class
C
Year Built
1920
Price
£473,400
Price Per SF
£412
Net Initial Yield
8.25%
NOI
£39,055
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,149 SF
Building FAR
0.18
Land Acres
0.15 AC
Zoning
O-1, Orlando - Office
Parking
5 Spaces (4.35 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Wooden Floors
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 29-2224-6492-03-160 | Improvements Assessment | £215,933 |
| Land Assessment | £163,834 | Total Assessment | £379,767 |
PROPERTY TAXES
Parcel Number
29-2224-6492-03-160
Land Assessment
£163,834
Improvements Assessment
£215,933
Total Assessment
£379,767
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8.25% Cap - LEASE BACK SALE | 812 N Thornton Ave
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