1271 La Quinta DrOrlando, FL 32809

This exceptional investment opportunity presents a multi-tenant warehouse totaling 66,600 square feet, currently boasting 89% occupancy. Located in Orlando, Florida, at 1271 & 1282 La Quinta Dr, 32809, this property enjoys a prime location just 10 minutes from Orlando International Airport (MCO) and less than 5 minutes from the Florida Turnpike. The property comprises two shallow bay warehouses totaling 61,200 square feet, supplemented by 5,400 square feet of self-storage units. Its strategic location provides easy access to major demand drivers, including globally renowned theme parks and a vast consumer base within a 60-minute radius. The property benefits from a diversified rent roll of 18 tenants, with no single tenant occupying more than 8% of the space, and an average tenant size of 3,128 square feet. This balanced tenancy ensures stable cash flow and minimizes occupancy fluctuations. The average downtime between leases is only 1.3 months, and minimal concessions are offered, with an average rental premium of 30% upon lease expiration. The property features a weighted average lease term (WALT) of approximately 2.2 years, offering significant upside potential given the current market conditions. Recent leases have achieved an average rent of $16.50 per square foot, representing a 15% premium over current in-place rents. The shallow bay design caters to the high demand for smaller industrial spaces in Orlando, where over 60% of year-to-date leasing activity has been for spaces of 25,000 square feet or less. The property's functionality is further enhanced by a combination of dock-high and grade-level loading, catering to diverse tenant needs. Each unit includes individually metered utilities, built-out office space, and dedicated plumbing. The current market exhibits a significant lack of comparable properties under construction or planned, with only 3% of existing buildings in the area capable of accommodating tenant requirements of 25,000 square feet or less. This scarcity, coupled with rising construction costs, creates a favorable environment for long-term growth and investment returns. The property's strong in-place cash flow is projected to increase by 28% over the next five years, driven by favorable lease terms with annual rent increases averaging 4.28%.