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Cardinal Point at Lake Ellenor 5900 Lake Ellenor Dr 132,991 SF 60% Leased 4-Star Office Building Orlando, FL 32809 For Sale
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Cardinal Point at Lake Ellenor presents an eight-story, 132,991-SF office building with waterfront views and modern finishes in Orlando’s CBD.
- Property features include a refurbished lobby, a state-of-the-art electronic directory, spacious conference rooms, ample parking, and outdoor seating.
- Conveniently located in Orlando Central Park, one of the most connected areas in the region, with access to highway, air, rail, and sea transport.
- Benefit from Orlando’s dynamic economy, deep and highly educated talent pool, and proximity to significant population centers.
EXECUTIVE SUMMARY
Great owner/user opportunity. Exceptional basis. Excess land available. Discover a premier investment opportunity to acquire Cardinal Point at Lake Ellenor, an eight-story, 132,991-square-foot office building in the heart of Orlando. The asset features a refurbished lobby with modern finishes, large conference rooms, a state-of-the-art electronic directory, on-site security, CCTV surveillance, and monument signage. Tenants enjoy beautiful waterfront views of Lake Ellenor, meticulously landscaped grounds, and serene outdoor patio seating.
5900 Lake Ellenor Drive sits south of Downtown Orlando in Orlando Central Park, home to the corporate offices of AT&T, Publix, Lockheed Martin, Walgreens, and Office Depot. This highly connected area enjoys easy access to Interstate 4, the Florida Turnpike, 408 East-West Expressway, and Beachline Expressway. Additionally, the CSX Intermodal Terminal is approximately 6 miles south of the property, and the Orlando International Airport, which welcomed about 50 million passengers last year, lies about 10 miles south. Port Canaveral, which received nearly 4 million passengers and 5.4 million tons of bulk cargo last year, sits approximately one hour to the east.
The Orlando Market boasts one of the most dynamic economies in the Southeast, driven by continuous population growth and rapid in-migration. The economy benefits from its growing roster of tech and fintech tenants, an established and expanding defense sector, and proximity to world-renowned theme parks. The steady migration of highly educated professionals to Central Florida further strengthens the local community and enriches the available skilled labor pool. Due to its connectivity, significant population centers, and qualified labor pool, WalletHub named Orlando among the top 10 cities in the US in which to start a business in 2023. The continued drive and demand for office space in Orlando offers the ideal opportunity to the discerning investor, and Cardinal Point at Lake Ellenor delivers on all fronts.
5900 Lake Ellenor Drive sits south of Downtown Orlando in Orlando Central Park, home to the corporate offices of AT&T, Publix, Lockheed Martin, Walgreens, and Office Depot. This highly connected area enjoys easy access to Interstate 4, the Florida Turnpike, 408 East-West Expressway, and Beachline Expressway. Additionally, the CSX Intermodal Terminal is approximately 6 miles south of the property, and the Orlando International Airport, which welcomed about 50 million passengers last year, lies about 10 miles south. Port Canaveral, which received nearly 4 million passengers and 5.4 million tons of bulk cargo last year, sits approximately one hour to the east.
The Orlando Market boasts one of the most dynamic economies in the Southeast, driven by continuous population growth and rapid in-migration. The economy benefits from its growing roster of tech and fintech tenants, an established and expanding defense sector, and proximity to world-renowned theme parks. The steady migration of highly educated professionals to Central Florida further strengthens the local community and enriches the available skilled labor pool. Due to its connectivity, significant population centers, and qualified labor pool, WalletHub named Orlando among the top 10 cities in the US in which to start a business in 2023. The continued drive and demand for office space in Orlando offers the ideal opportunity to the discerning investor, and Cardinal Point at Lake Ellenor delivers on all fronts.
MATTERPORT 3D TOURS
Lobby Matterport Tour
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SALE FLYER
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
132,991 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1982/2023
Percent Leased
60%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
16,766 SF
Slab To Slab
13’
Building FAR
0.35
Lot Size
8.77 AC
Zoning
I-IND-2/IND-3 - Heavy Industrial
Parking
798 Spaces (6 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Security System
- Signage
- Waterfront
- Accent Lighting
- Fully Carpeted
- Natural Light
- Open-Plan
- Partitioned Offices
- Reception
- Wi-Fi
- Monument Signage
- Outdoor Seating
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 260
- 2,896 SF
- Office
- -
- Now
Move-in-ready floor available.
Fully built-out full floor available.
- 6th Floor
- 16,766 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 260 | 2,896 SF | Office | - | Now |
| 4th Floor | 16,766 SF | Office | Partial Build-Out | Now |
| 5th Floor | 16,766 SF | Office | Partial Build-Out | Now |
| 6th Floor | 16,766 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 260
| Size |
| 2,896 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Floor
| Size |
| 16,766 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 16,766 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
6th Floor
| Size |
| 16,766 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Floor
| Size | 16,766 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Move-in-ready floor available.
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
5th Floor
| Size | 16,766 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Fully built-out full floor available.
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ABOUT ORLANDO CENTRAL PARK
Orlando Central Park is a suburban area of Orlando, less than 10 miles south of downtown Orlando and just west of Orlando International Airport. The area is one of the most connected in the Orlando region, enjoying access to the airport, a CSX Intermodal Terminal, and is located near the intersection of Interstate 4 and the Florida Turnpike. Orlando Central Park can also reach Port Canaveral within a one-hour drive.
The area has a good mix of office, retail, and industrial tenants. This diversity is reflected in the companies and sectors that have a presence here, including corporate offices of AT&T, Aldi, and Publix.
The Orlando skyline is visible from most of the local area, but towers are a rarity here. Offices are commonly two to five stories, with a few extending to seven or eight. The area is home to many business parks like Lakefront and Millenia Lakes.
Office stock skews slightly to the older side in the area, which has lacked new development over the past decade. Accordingly, office asking rents here tend to reflect a discount compared to the Orlando market average. However, landlords are comfortable pushing rent growth due to the region's office occupier demand. This helps drive higher yields for office investors through asset appreciation.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
14,519
96,067
222,207
2024 Population
13,937
96,385
225,306
Population Growth '20-'24
-4.0%
0.3%
1.4%
2020 Households
4,882
35,125
84,930
2024 Households
4,657
35,315
86,203
Household Growth '20-'24
-4.6%
0.5%
1.5%
Average Age
35
36
38
Median Household Income
$47,953
$45,854
$50,141
Daytime Employees
11,656
78,527
246,940
Total Businesses
1,162
7,692
22,695
College Degree + Higher
12%
19%
26%
$ values in USD
PROPERTY TAXES
| Parcel Number | 22-2329-6348-01-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $17,005,483 CAD |
PROPERTY TAXES
Parcel Number
22-2329-6348-01-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$17,005,483 CAD
ABOUT THE SELLER
Read More
OTHER PROPERTIES IN THE HALSTATT PORTFOLIO
SALE ADVISORS
SALE ADVISORS
Darryl Hoffman,
Executive Vice President
Darryl Hoffman serves as the Executive Vice President in Stream’s Florida region. His multifaceted role includes leading the private client investment and owner/user sales platform throughout Florida, overseeing agency leasing for both institutional and non-institutional clients in the Orlando area, and managing select tenant representation and portfolio assignments. With a diverse skill set and extensive experience, Darryl adeptly navigates the complexities of real estate transactions to deliver optimal outcomes for Stream and its clients.
Zachary Liszt,
Managing Director
Zachary Liszt manages Cardinal Point's asset portfolio which includes all genres of commercial real estate (i.e. retail, office, industrial and multi-family). This includes the oversight of institutional quality property level reporting, execution of business plans, budgeting and forecasting, ongoing performance analysis, adjustments relative to performance based metrics, and asset disposition plan and strategy.
Additionally, Zachary serves as general counsel, using his prior experience practicing in the areas of Commercial Real Estate, Finance, Secured Lending and Business Law. Zachary oversees the legal activity for a variety of transactions including property acquisition/disposition, financing, partnership and operating agreement negotiation, and leasing.
Specialties: Zachary is a member of the Florida Bar and the State Bar of Georgia.
Additionally, Zachary serves as general counsel, using his prior experience practicing in the areas of Commercial Real Estate, Finance, Secured Lending and Business Law. Zachary oversees the legal activity for a variety of transactions including property acquisition/disposition, financing, partnership and operating agreement negotiation, and leasing.
Specialties: Zachary is a member of the Florida Bar and the State Bar of Georgia.
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
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Cardinal Point at Lake Ellenor | 5900 Lake Ellenor Dr
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