Active

$1,899,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 646 sq ft
Overview
  • ID: MFRO6397353
  • Bedrooms:
  • Bathrooms: 0
  • Size: 646 sq ft
Property Details
Remarks
Prime opportunity to acquire a functional industrial warehouse condo in the highly desirable Airport submarket of Orlando—ideal for both investors seeking in-place income and owner-users planning for future occupancy. This 8,479 SF asset (±646 SF office / ±7,786 SF warehouse) is currently leased to a national telecommunications infrastructure contractor through September 17, 2026, providing stable cash flow during the near term. The tenant has an established presence at the property, and there is a strong possibility of renewal, while the lease term also offers clear timing for an owner-user to plan occupancy. The property is currently leased at $11.55/SF, representing a significant discount to market rents ($15–$18/SF), creating a compelling mark-to-market opportunity for investors or the ability for an owner-user to acquire at a basis supported by below-market income. Constructed of concrete block, the building offers 16–17 ft clear height, two dock-high doors (including one with lift), and a secured fenced/gated configuration, making it highly functional for logistics, distribution, or service-based operations. The office buildout includes a reception area, two private offices, and dual restrooms. Strategically located with immediate access to Florida Turnpike, SR 528 (Beachline Expressway), and SR 417 (Central Florida GreeneWay), and minutes from Orlando International Airport, the property sits within one of Central Florida’s most active industrial corridors. This asset provides immediate return with embedded upside, while also presenting a rare opportunity for an owner-user to secure a well-located facility with near-term occupancy optionality.
Financial Considerations
Price:
$1,899,000
HOA Fee:
N/A
Tax Amount:
$12598.63
Price per SqFt:
$223.97
Tax Legal Description:
PARKWAY DISTIBUTION CENTER PHASE 2 CONDOCB 13/45 UNIT 8
Exterior Features
Lot Size:
19500
Lot Features:
Corner Lot, Industrial Park, Oversized Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Office Only
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Warehouse
Style:
N/A
Year Built:
1986
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    10235 GENERAL DR #8
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