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Parkway Distribution Center 10207-10235 General Dr 8,479 SF 75% Leased Industrial Building Orlando, FL 32824 $2,594,740 CAD ($306.02 CAD/SF) 5.21% Cap Rate
Executive Summary
This 8,479 SF asset (±646 SF office / ±7,786 SF warehouse) is currently leased to a national telecommunications infrastructure contractor through September 17, 2026, providing stable cash flow during the near term. The tenant has an established presence at the property, and there is a strong possibility of renewal, while the lease term also offers clear timing for an owner-user to plan occupancy.
The property is currently leased at $11.55/SF, representing a significant discount to market rents ($15–$18/SF), creating a compelling mark-to-market opportunity for investors or the ability for an owner-user to acquire at a basis supported by below-market income.
Constructed of concrete block, the building offers 16–17 ft clear height, two dock-high doors (including one with lift), and a secured fenced/gated configuration, making it highly functional for logistics, distribution, or service-based operations. The office buildout includes a reception area, two private offices, and dual restrooms.
Strategically located with immediate access to Florida Turnpike, SR 528 (Beachline Expressway), and SR 417 (Central Florida GreeneWay), and minutes from Orlando International Airport, the property sits within one of Central Florida’s most active industrial corridors.
This asset provides immediate return with embedded upside, while also presenting a rare opportunity for an owner-user to secure a well-located facility with near-term occupancy optionality.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$182,313
|
$4.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$182,313
|
$4.54
|
| Taxes |
$16,690
|
$0.42
|
| Operating Expenses |
$30,492
|
$0.76
|
| Total Expenses |
$47,182
|
$1.17
|
| Net Operating Income |
$135,131
|
$3.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $182,313 |
| Annual Per SF | $4.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $182,313 |
| Annual Per SF | $4.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,690 |
| Annual Per SF | $0.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,492 |
| Annual Per SF | $0.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,182 |
| Annual Per SF | $1.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $135,131 |
| Annual Per SF | $3.36 |
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Front Loading
- Storage Space
Utilities
- Lighting
- Water
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Construction
- -
- -
- -
ITG is a privately held telecommunications and infrastructure services provider that delivers turnkey network solutions for the broadband, wireless, and utility sectors. Founded in 2013, the company supports the full lifecycle of complex infrastructure projects, including planning, engineering, construction, installation, and ongoing maintenance. ITG’s services are centered on outside plant construction, fiber and coax deployment, FTTx programs, wireless and small-cell installation, and civil infrastructure supporting utility networks. The company operates nationally, providing field operations, logistics coordination, and program management for public and private sector clients. ITG’s operating model emphasizes centralized project oversight combined with regional field and warehouse locations that support equipment staging, inventory management, and crew deployment. The East Taunton, Massachusetts facility functions as an operational and logistics site supporting regional construction and warehousing needs. ITG remains privately held and does not trade publicly. Since its founding, the firm has expanded its geographic footprint and service breadth to support large-scale network builds and maintenance programs across the United States. The company continues to operate from its Tennessee headquarters with distributed operational locations serving regional markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Construction | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Term is negotiable. Excellent location, spacious parking lot, one floor, restaurants in the area and Close Proximity to SR 528, Florida’s Turnpike, US 441, Orange Ave, and Orlando Int. Airport - 4,950 SF Warehouse - 500 SF Office - 2 Dock High Doors (Automatic Doors) - Orange County Zoning IND-4 - Concrete Block Construction - Fire Sprinkler System - Close Proximity to SR 528, Florida’s Turnpike, US 441, Orange Ave, and Orlando Int. Airport
- Term is negotiable - 4,950 SF Warehouse - 500 SF Office - 2 Dock High Doors (Automatic Doors) - Orange County Zoning IND-4 - Concrete Block Construction - Fire Sprinkler System - Close Proximity to SR 528, Florida’s Turnpike, US 441, Orange Ave, and Orlando Int. Airport
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 10207 | 4,950 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 10211 | 4,950 SF | Industrial | Partial Build-Out | Now |
1st Fl - 10207
| Size |
| 4,950 SF |
| Space Use |
| Industrial |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 10211
| Size |
| 4,950 SF |
| Space Use |
| Industrial |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 10207
| Size | 4,950 SF |
| Space Use | Industrial |
| Build-Out | Partial Build-Out |
| Available | Now |
Term is negotiable. Excellent location, spacious parking lot, one floor, restaurants in the area and Close Proximity to SR 528, Florida’s Turnpike, US 441, Orange Ave, and Orlando Int. Airport - 4,950 SF Warehouse - 500 SF Office - 2 Dock High Doors (Automatic Doors) - Orange County Zoning IND-4 - Concrete Block Construction - Fire Sprinkler System - Close Proximity to SR 528, Florida’s Turnpike, US 441, Orange Ave, and Orlando Int. Airport
1st Fl - 10211
| Size | 4,950 SF |
| Space Use | Industrial |
| Build-Out | Partial Build-Out |
| Available | Now |
- Term is negotiable - 4,950 SF Warehouse - 500 SF Office - 2 Dock High Doors (Automatic Doors) - Orange County Zoning IND-4 - Concrete Block Construction - Fire Sprinkler System - Close Proximity to SR 528, Florida’s Turnpike, US 441, Orange Ave, and Orlando Int. Airport
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Parkway Distribution Center | 10207-10235 General Dr
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