For Sale
$5,217,120

2250 Lucien Way Maitland, FL 32751

Value-add office building, 42,555 SF

Overview

Added:
Dec 11, 2024
Days on market:
136
This Maitland, FL office building presents a compelling value-add investment opportunity. The 42,555 square foot, Class B property, built in 1984, sits on a 2.78-acre lot and boasts 146 parking spaces. Currently 88% occupied with a multi-tenant occupancy, the building offers a modified lease structure and generates a strong NOI of $429,091, representing an 8.22% cap rate. The asking price is $5,217,120, or $122.60 per square foot. Located at 2250 Lucien Way, the property benefits from its prime location in the affluent Maitland submarket of Orange County, with easy access to I-4 and Maitland Boulevard, experiencing high daily traffic volumes. The WS-RT zoning allows for a high-intensity mix of office and employment uses. The area features strong demographics, with an average household income of $81,008 and average home value of $265,176 within a 5-mile radius, and proximity to numerous national retailers and hotels. The property's current tenants are local and regional businesses. This presents a chance to increase rental rates to market value and maximize returns. The property's central courtyard adds to its appeal. The parcel number is 26-2129-4577-00-30.

Highlights

  • Value-add opportunity: 42,555 SF Class B office building in Maitland, FL.
  • 42,555 SF on a 2.78-acre lot with 146 parking spaces.
  • 88% occupied multi-tenant building with strong NOI of $429,091 and 8.22% cap rate.
  • Prime Maitland location with easy access to I-4 and Maitland Boulevard.
  • WS-RT zoning allows for high-intensity office and employment uses.
  • Strong demographics: $81,008 average household income and $265,176 average home value within a 5-mile radius.

Property Details for 2250 Lucien Way

Property type
Office properties
Square Feet
42,555 SF
Class
B
Year Built
1984
Buildings
1
Lot Size (sq. ft)
121,097 SF

Location Insight

City
Maitland
County
Orange
State
Florida
Latitude
28.6242198
Longitude
-81.3892081

FAQs

What type of property is this?
Office property - Value-add office building, 42,555 SF
Where is the office property located?
The property is located at 2250 Lucien Way Maitland, FL.
What is the asking price?
The asking price for this property is $5,217,120.
What are key features of this property?
This property features: Value-add opportunity: 42,555 SF Class B office building in Maitland, FL.; 42,555 SF on a 2.78-acre lot with 146 parking spaces.; 88% occupied multi-tenant building with strong NOI of $429,091 and 8.22% cap rate.
How can I contact the broker?
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2250 Lucien Way
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