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32693397
32693398

27 COBURN AVE, ORLANDO, FL 32805

RT
FL BK3015549
Marcus & Millichap - Orlando
DV
FL SL3294062
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$2,500,000
18 days on market
Updated 18 days ago
Opportunity zone

State of FL -- DOC Building

Details
APN 27-22-29-5573-03-000
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 16,826
Units 86
Cap Rate 8.40%
NOI $209,801
Occupancy 100%
Lease Type Gross
Lease Expiration 10/31/2031
Price per SqFt $149
Year Built 1957
Year Renovated 2023
Buildings 1
Acreage 1.330
Parking Spaces 86 spaces
Parking Per SqFt 5.11
Lease Commencement 11/01/2022

STATE OF FL DOC BUILDING

Marketing description

State of FL DOC Building at 27-29-31 Coburn Ave, Orlando, FL 32805 offers a compelling opportunity to acquire a government-leased office asset in the heart of Orlando. This 18,000-square-foot single-tenant office building (16,826 RSF) is 100% leased to the Florida Department of Corrections, backed by a State of Florida guaranteed lease delivering stable, predictable cash flow through 10/31/2031. The property has served as an established and essential DOC location since 2005 and recently underwent an extensive remodel tailored to the tenant’s needs, with additional LED lighting upgrades helping reduce operating expenses. Situated on 1.33 acres, the asset features 86 parking spaces, providing an excellent 5:1,000 parking ratio. Positioned just a half mile from Camping World Stadium and minutes from Downtown Orlando, the property benefits from strong regional connectivity, including proximity to Interstate 4 and major area destinations such as the Amway Center, Dr. Phillips Center, Orlando City Soccer Stadium, and key medical and government hubs. Surrounded by more than 335,000 residents within a five-mile radius, this offering combines durable tenancy, strategic infill location, and long-term investment stability in one of Florida’s most dynamic markets.

Investment highlights

State of Florida Guaranteed Lease |Provides Stable & Predictable Cashflow for Years to Come

Recently Executed a Long-Term, Stay-in-Place Lease (Running Through 10/31/31)

Extensive/Recent Remodel to Meet Tenant’s Needs

Established and Essential Location for State of Florida DOC (Tenant in Building Since 2005)

86 Parking Spaces | Parking Ratio = 5/1,000 SF (75 Spaces Required Under the Lease)

Located two Miles From Interstate-4 | Which Benefits From 201,000 Vehicles Daily

Seller Continues Rolling Retrofit of LED Lighting | Buyer will Benefit from Reduced Annual Operating Expenses

In the Heart of Orlando, Just a Half Mile From Camping World Stadium

Near Orlando City Soccer Stadium, Amway Center, Dr. Phillips Center for Performing Arts and Florida Hospital Orlando

Florida is an Income Tax Free State

Population Over 335,000 Within a Five-Mile Radius

Listing Contacts

RT
FL BK3015549
Marcus & Millichap - Orlando
DV
FL SL3294062
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$209,801.00
$17,483.42/mo

Valuation Metrics

0
DSCR
8.39%
Cap Rate
8.39%
ROI

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