For Sale
$12,950,000

1211 Florida 436 Casselberry, FL 32707

Prime Office Investment: High NOI, Low Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A office building in Casselberry, Florida, presents a compelling investment opportunity. Located at 1211 FLORIDA 436, this single, three-story building encompasses 83,520 square feet, situated on a substantial 361,112 square foot lot. The property, built in 1986 and renovated in 2022, features upgraded lighting and flooring throughout its 19 units. Currently boasting 86.3% occupancy, the building generates a net operating income (NOI) of $949,711, yielding a 6.50% capitalization rate at the asking price of $12,950,000. A pro-forma NOI of $1,234,448 projects a 9.53% capitalization rate upon full occupancy. The property offers ample parking with a ratio of 4 spaces per 1,000 square feet. With 80,035 square feet of leasable space, the building allows for owner-occupancy of up to 44,181 square feet. The property is zoned PMX-L and enjoys a strategic location near Winter Park in the Orlando area. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable market.

Highlights

  • $12,950,000 asking price for this Class A, multi-tenant office building.
  • 83,520 square feet, located in Casselberry, Florida.
  • 6.50% current cap rate, with a pro-forma cap rate of 9.53%.
  • 86.3% occupancy, generating $949,711 NOI (pro-forma NOI: $1,234,448).
  • 19 units in a single, three-story building, built in 1986 and renovated in 2022.

Property Details for 1211 Florida 436

Property type
Office properties
Square Feet
83,520 SF
Class
A
Year Built/Renovated
1986/2022
Buildings
1
Stories
3
Units
19

Location Insight

City
Casselberry
County
Seminole
State
Florida
Latitude
28.6372325
Longitude
-81.3230278

FAQs

What type of property is this?
Office property - Prime Office Investment: High NOI, Low Cap Rate
Where is the office property located?
The property is located at 1211 Florida 436 Casselberry, FL.
What is the asking price?
The asking price for this property is $12,950,000.
What are key features of this property?
This property features: $12,950,000 asking price for this Class A, multi-tenant office building.; 83,520 square feet, located in Casselberry, Florida.; 6.50% current cap rate, with a pro-forma cap rate of 9.53%.
How can I contact the broker?
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1211 Florida 436
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