Log In/Sign Up
Your email has been sent.
850 Altamonte 850 E Altamonte Dr 96,664 SF 100% Leased Office Building Altamonte Springs, FL 32701 $21,879,234 CAD ($226.34 CAD/SF) 11% Cap Rate
Investment Highlights
- Hands free oversight of a highlight qualified tenant
- Stable cash flow - excellent returns
- Ideal employer for this trade area
- Convenient site plan, access, and parking
Executive Summary
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire 850 Altamonte (the “Property”), a ±98,204 square foot, seven-story office property that is 100% occupied by IntouchCX on a NNN lease. Strategically located on a generous +/-8.79 acre site in Altamonte Springs, Florida between two major highways, and a short walk from a station for the commuter train SunRail, the generously sized site is easily accessible and highly visible.
IntouchCX is a global contact management leader that serves the world’s top corporations and has the capacity to employ 1,000 crewmembers from this location. The Property is across from Altamonte Springs City Hall in the city centre, surrounded by restaurants, apartments, residential neighborhoods, and other amenities. This Property offers investors a significant opportunity to enjoy stabilized, reliable income from an institutional-quality occupant, with at a generous return, and the potential to densify the site in the future.
IntouchCX is a global contact management leader that serves the world’s top corporations and has the capacity to employ 1,000 crewmembers from this location. The Property is across from Altamonte Springs City Hall in the city centre, surrounded by restaurants, apartments, residential neighborhoods, and other amenities. This Property offers investors a significant opportunity to enjoy stabilized, reliable income from an institutional-quality occupant, with at a generous return, and the potential to densify the site in the future.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
96,664 SF
Building Class
B
Year Built
1976
Price
$21,879,234 CAD
Price Per SF
$226.34 CAD
Cap Rate
11%
NOI
$2,406,716 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
14,029 SF
Slab To Slab
11’
Building FAR
0.25
Lot Size
8.79 AC
Zoning
MOR-2 - MOR2 Mixed Office Residential zoning district allows a wide range of uses.
Parking
552 Spaces (13.12 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-21-29-5BE-0000-4350 | Improvements Assessment | $17,034,296 CAD |
| Land Assessment | $5,414,661 CAD | Total Assessment | $22,448,957 CAD |
Property Taxes
Parcel Number
12-21-29-5BE-0000-4350
Land Assessment
$5,414,661 CAD
Improvements Assessment
$17,034,296 CAD
Total Assessment
$22,448,957 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
850 Altamonte | 850 E Altamonte Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.