Active

1211 STATE ROAD 436

CASSELBERRY FL, 32707

$13,950,000


$167.03 per sqft

Active

83,520 sqft

Commercial

Built in 1986

Welcome to Casselberry Corporate Center. This Class A office center offers an impressive 83,520 SF of total building space, with 80,035 SF of leasable square footage and is situated on a sprawling 361,112 SF, 8.29 acre lot. This property is strategically located near Winter Park and Maitland, esteemed sub-markets in the Orlando regional area. The subject property has undergone over $1 million in significant recent upgrades, including upgraded LED lighting and flooring in nearly all units, a remodeled lobby and common areas, new HVAC, new lot paving, upgraded bathrooms, a new tenant directory, LED lights in the parking lot, all new irrigation plus landscaping and much more. The property is turn-key ready and move-in ready to operate. This 8.29 acre office site features a picturesque, park-like setting adorned with mature trees, an inviting outdoor seating area, and convenient proximity to convenience stores and restaurants, as well as direct access to Orlando International Airport via Semoran Blvd. This meticulously upgraded office space offers a prime investment opportunity in a thriving location. This corporate office center is priced to sell at $167.03 per square foot. This building is perfect for an owner-user corporate headquarters or an investor. Strong tenant mix. 6.8% actual cap rate with 86% occupancy. Projected cap rate is 8.8% once fully leased. An opportunity for an owner user to take up to 45k SF.

O6207211

MLS ID

May 22, 2024

Listed

July 14, 2024

Updated

Map

1211 STATE ROAD 436
CASSELBERRY FL, 32707

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

8.29 Acres

Other Property Details

Area Name

32707 - Casselberry


Taxes

$80,611


Tax Frequency

Annually


Days on Market

53


Garage

No


Parking

Ground Level, Lighted, Over 30 Spaces


View

No


County

Seminole


Municipality

21


Pool

No


Zoning

PMX-L

Listed by RE/MAX ASSURED
Listing Contact: 800-393-8600 

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Data last updated 7/14/2024, 8:11 PM UTC

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