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State of FL DOC Building 29-31 Coburn Ave 16,826 SF Office Building Orlando, FL 32805 $3,592,749 CAD ($213.52 CAD/SF) 8% Cap Rate
Investment Highlights
- 18,000 Square Foot Single-Tenant Office Building (16,826 RSF) | 100% Leased to Department of Corrections
- Recently Executed a Long-Term, Stay-in-Place Lease (Running Through 10/31/31)
- Established and Essential Location for State of Florida DOC (Tenant in Building Since 2005)
- State of Florida Guaranteed Lease | Provides Stable & Predictable Cashflow for Years to Come
- Extensive/Recent Remodel to Meet Tenant’s Needs
- 86 Parking Spaces | Parking Ratio = 5/1,000 SF (75 Spaces Required Under the Lease)
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,826 SF
Building Class
C
Year Built/Renovated
1957/2023
Price
$3,592,749 CAD
Price Per SF
$213.52 CAD
Cap Rate
8%
NOI
$287,420 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,826 SF
Building FAR
0.29
Lot Size
1.33 AC
Opportunity Zone
Yes
Zoning
IG
Parking
100 Spaces (5.94 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Accent Lighting
- Energy Performance Rating - B
- Reception
- Central Heating
- Partitioned Offices
- Drop Ceiling
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-2229-5573-03-000 | Improvements Assessment | $2,862,177 CAD |
| Land Assessment | $354,125 CAD | Total Assessment | $3,216,302 CAD |
Property Taxes
Parcel Number
27-2229-5573-03-000
Land Assessment
$354,125 CAD
Improvements Assessment
$2,862,177 CAD
Total Assessment
$3,216,302 CAD
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State of FL DOC Building | 29-31 Coburn Ave
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