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13447520
13447521

2250 Lucien Way, Maitland, FL 32751

SE
FL FL3436318
Stream Realty Partners Miami
Listed by Stream Realty Partners Miami
$5,217,120
952 days on market
Updated 23 days ago

Lucien Green

Details
APN 26-2129-4577-00-30
Property Type Office
Sub Type Traditional Office
Square Footage 42,555
Net Rentable (SqFt) 42,555
Cap Rate 10.95%
NOI $571,137
Occupancy 68%
Tenancy Multi
Lease Type Modified
Price per SqFt $123
Class B
Year Built 1984
Buildings 1
Acreage 2.780
Zoning WS-RT
Parking Spaces 146 spaces
Parking Per SqFt 3.43
Investment Type Value Add
Ownership Fee Simple

Unique Chance to Acquire Twin Office Buildings | Orlando MSA

Marketing description

Franklin Street is pleased to present the Lucien Green office building located at 2250 Lucien Way, Maitland, FL. This opportunity gives an investor the chance to own a 42,555 rentable square foot property in the heart of the Maitland, FL area and it sits on 2.78 acres of land (120,899 SF). Lucien Green office building offers a value-add opportunity for leasing vacant space. The average rental rate at the property is $19.84 per square foot, which gives the opportunity to bring rents to market value.

This office building has easy access to I-4 which experiences approximately 175,800 vehicles per day and also Maitland Blvd which approximately 74,000 vehicles travel per day. This office building is currently 88% occupied by local and regional office tenants; the existing tenant mix operates under modified gross leases. The zoning district for this property is WS-RT- West Side Research and Technology Subdistrict and it provides for a high intensity/density mix of office and other employment uses primarily in an office park setting, with supporting retail and residential uses.

Maitland, FL is within minutes of Orlando and is one of the most recognized and affluent submarkets of Orange County with an average household income of $81,008 and an average house value of $265,176 all within a 5-mile radius. Lucien Green office building is within minutes of many nationally credited hotel chains, fast food chains, and retailers including Marriott, Chick-fil-A, Publix, Wal-Mart, and Home Depot, among others. Lucien Green office building offers a great mix of office suites with a central, beautifully landscaped, courtyard for tenants and customers.

*** Additional Office Building opportunity located adjacent to this building at 2200 Lucien Way ***

Investment highlights

  • Multi-tenant office building offering with potential for value-add leaseup opportunity

  • Offering is for 42,555 of gross leasable area on 2.78 acres of land (120,899 SF)

  • Currently the building is 88% occupied by local and regional office tenants

  • Located in Orange County, FL core suburban submarket of Orlando, FL

  • Property is zoned WS-RT- West Side Research and Technology Subdistrict provides for a high intensity/density mix of office and other employment uses primarily in an office park setting

  • Strong demographics - the average household income is $81,008 and the average household value is $265,176 all within a 5-Mile Radius

  • Easy access to major thoroughfares - I-4 (178,500 VPD) and Maitland Blvd (74,000 VPD)

  • Property is within minutes of many nationally credited hotel chains, fast food chains, and retailers including Marriott, Chick-fil-A, Publix, Walmart, and Home Depot, among others

Listing Contacts

SE
FL FL3436318
Stream Realty Partners Miami
Listed by Stream Realty Partners Miami

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$571,137.00
$47,594.75/mo

Valuation Metrics

0
DSCR
10.95%
Cap Rate
10.95%
ROI

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Additional Information

Name
Scott Edwards
License
FL3436318
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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