$2,450,000
$2,990,000
18.1%For more information regarding the value of a property, please contact us for a free consultation.
6100 LAKE ELLENOR DR Orlando, FL 32809
38,420 SqFt
Key Details
Sold Price $2,450,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 38,420 sqft
Price per Sqft $63
MLS Listing ID O5902262
Sold Date 05/03/21
HOA Y/N No
Year Built 1975
Annual Tax Amount $33,645
Lot Size 3.150 Acres
Acres 3.15
Property Sub-Type Office
Property Description
We are pleased to bring to market 6100 Lake Ellenor, a rare add-value opportunity. The building is a 38,420 square foot office building located in the Orlando Central Park submarket which is home to 23,000 employees and local businesses. The property currently has 30.67% vacancy and features a mixture of small and large tenants allowing an owner to have stabilized cash-flow, as well as, opportunity to push rents on the small spaces. The property's current cap rate is 6.18% and new ownership has the immediate ability to grow it by 9.62% bringing the property to a potential 15.8% cap rate. Don't miss this opportunity, call for details.
Price Reduced - Motivated Seller!
• Value-Add Opportunity
• 30.67% Vacancy
• Grow the cap by 9.62% immediately
• Strong growth market
• Small & large office suites
• Great for investment & owner operator
•Half mile from the future UCF South Orlando Campus
• 23,000 employees in the immediate area
• Abundant Parking
• Quick access to major highways (I-4 & 528)
Location
State FL
County Orange
Area 32809 - Orlando/Pinecastle/Oakridge/ Edgewood
Zoning I-2/I-3
Interior
Cooling Central Air
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 2 to less than 5
Structure Type Concrete
New Construction false
Others
Ownership Other
Special Listing Condition None
Read Less
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