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27904510
27904518

5515 Vista View Way, Oviedo, FL 32765

AV
FL SL3531226
KW
SG
SL3302939
KW Commercial Orlando Central
Listed by KW, KW Commercial Orlando Central
$2,100,000
221 days on market
Updated 10 days ago

Owner-User+National Tenant (NNN Lease) | High Traffic SR 426

Details
Property Type Office, Retail
Sub Type Medical Office, Shopping Center
Square Footage 6,364
Units 2
NOI $74,389
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 7.1%
Pro-Forma NOI $149,064
Price per SqFt $330
Class B
Year Built 2013/2015
Buildings 1
Stories 1
Acreage 0.870
Zoning PD
Investment Type Owner/User

Office | 6,364 SqFt

Marketing description

Stylishly attractive, free-standing Professional Office/Retail building in a desirable location on SR 426 (Aloma) in Oviedo, FL. This highly visible location with 30,000 vehicles per day is less than a mile northeast of the Central Florida Tollway #417. The Aloma exit is a primary thoroughfare for the eastern suburbs of Orlando. The Aloma street-front property is accessed via an entryway off of Vista View Way.

The .87-acre parcel consists of the primary building and an ample asphalt parking surface with 32 spaces. The 6,364 SF single-story building was custom-built in 2018. The building includes two professional office suites of approximately 3,000 SF each.

This contemporary building includes all modern features and systems, including alarms, sprinklers, and high-end professional equipment, features, and finishes. The building is beautiful, with an attractive facade, a soaring entryway, sixteen-foot interior ceilings, and polished marble floors.

The building includes two independent suites with a common entrance:

Suite 1001 is 2,987 SF and includes a large showroom, display room, four large offices (one with a shower), a breakroom, and three restrooms. This unit was constructed and used as a spa and a retail showroom.

Suite 1002 includes 2,860 SF and is a fully equipped dental office facility with six treatment rooms, an office, equipment, and work/lab rooms, a restroom, reception/admin office, and a large conference room.

Suite 1002 space is presently leased to a nationally recognized dental care provider, Heartland Dental, under a NNN lease through January 2028, with 2% annual rent escalations, and two five-year renewal options.

Suite 1001 is presently available for lease with an asking rent rate of $25.00 per SF for a multi-year NNN lease.

Suite 1001 Owner-users can occupy this suite while enjoying income from the national tenant next door - an excellent way to offset mortgage costs with stable rental income.

Investment highlights

  • Great owner operator opportunity - Occupy one suite and benefit from rental income next door
  • Prime visibility along SR 426 (Aloma Avenue) with 30,000 vehicles per day
  • Located less than 1 mile from SR-417 (Central Florida Greeneway)
  • High-demand professional corridor serving Oviedo, Winter Park, and the eastern suburbs of Orlando
  • Strong demographics with dense residential and professional population
  • Marble floors, high-end fixtures, natural light
  • Ample parking + Monument Signage
  • Dense surrounding residential base and a growing population
  • Contemporary façade with high-end architectural design

Listing Contacts

AV
FL SL3531226
KW
SG
SL3302939
KW Commercial Orlando Central
Listed by KW, KW Commercial Orlando Central

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,389.00
$6,199.08/mo

Valuation Metrics

0
DSCR
3.54%
Cap Rate
3.54%
ROI

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Additional Information

Name
Ayesha Verma
License
SL3531226
Brokerage
Keller Williams Realty at the Parks
Title
Keller Williams
Brokerage Address
11 South Bumby Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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