1806 33rd Street
100% Leased, adjacent to I-4 between Millenia and Downtown Orlando Built in 2002
Marketing description
The Offering
The Property is a 23,752 SF flex industrial building, 100% leased
to four tenants. The leases each feature cost of living increases and are NNN,
with Landlord responsibilities limited to roof and structure. All tenants are on leases
that they have renewed. The infill location is a master-planned business
park with quick access to Interstate 4. The roof was replaced in the fall
of 2018 and has a 15 year warranty.
The Property is located in the SW Orange County Industrial
Submarket, located at I-4 between Millenia and Downtown.
The successful investor will acquire a fully stabilized, functional flex
building, located in a top U.S. investment market for commercial
real estate. (Florida has no state income tax.)
All offers must be on standard form investment contracts. No LOIs.
Fast Facts
#1 Tourist Destination in U.S.
7th Busiest Airport in the U.S.
76.7 Million Visitors in 2025
Among the Top Export States
Property Overview
Address: 1806 33rd St, Orlando, FL 32839
Property Type: Flex/Office
Year Built: 2002
RBA (SF): 23,752
Land Area (AC): 1.64
Parking: on lot 113 Spaces 4.9 per 1,000 plus full Park parking available
Construction: Precast Concrete over Steel Frame
Roof: TPO, Replaced in 2018 - 15 Year
Warranty
HVAC: 14 Roof-top Package Units
Life Safety The building is fully sprinkled per code
Zoning Planned Development
Investment highlights
Investment Highlights
Minimal Landlord Obligations
All operating expenses are fully reimbursed including management fees. Landlord
responsible only for structural repairs and replacement.
Stable Asset
100% leased to four tenants on renewed leases with annual CPI rent growth (not 2 or 3 % fixed rates).
New Roof
In 2018, Landlord replaced the roof; 15 year warranty in place.
InFill location Top Market
Master-planned business park on I-4 in Orlando, one of the fastest growing large
cities in America.
Tax-Free State
Florida has no State income tax.
NOI Calculations
Pricing is based on 12/1/2026 NOI after 3 CPI rent increases at the end of August, October, and November. Seller to credit buyer prorated difference at closing, calculated at current annual CPI increase of 4%.
Current NOI includes management fees. Self management will yield a Cap Rate of 7.15.
Tenant in the 7400 SF space is paying on dark space. That space probably could be available soon to an owner user.
Construction and use
The building was built in 2002 and is currently configured as about 75% office space with 5 suites and one tenant using 2 suites
Parking
All spaces in the I-4 Business Park are available for tenant use so the parking is almost unlimited. Of the 113 spaces within property limits, 21 are exclusive use - something no other building in the park has.
Association
The park is managed by an Association which pays for landscaping among other things. The Association has about $200,000 in reserves.
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Zoning
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