For Sale
$975,000

1301 International PkwyLake Mary, FL 32746

Prime Lake Mary office, long-term tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2,787 square foot traditional office building is situated in a highly desirable Lake Mary, Florida location at 1301 S International Pkwy, 32746. Built in 2005 and zoned PUD, the property boasts a prominent position near Lake Mary Boulevard and International Parkway, offering excellent visibility from I-4 and convenient access to the 417 Greenway. The building is currently occupied by a single tenant under a modified gross lease with a remaining term of approximately 4.4 years, expiring April 30, 2029. The lease includes a 4% annual rent increase. The current asking price is $975,000, representing a price per square foot of $349.84. The property's strategic location is surrounded by a thriving mix of residential, retail, and commercial establishments, including grocery stores, banks, and restaurants. The strong tenant occupancy and lease terms project a first-year capitalization rate of 5.2%, increasing to a projected 6.4% by the fifth year. This presents a compelling investment opportunity in a high-growth area of Seminole County.

Highlights

  • $975,000 asking price for a 2,787 square foot office building.
  • Located at 1301 S International Pkwy, Lake Mary, FL 32746.
  • Traditional office building, single tenant occupancy.
  • Modified gross lease with a 4% annual increase, expiring April 30, 2029 (4.4 years remaining).
  • $349.84 per square foot; 5.2% cap rate (year one), projected 6.4% (year five).
  • Built in 2005, PUD zoning.

Property Details for 1301 International Pkwy

Property type
Office properties
Square Feet
2,787 SF
Year Built
2005

Location Insight

City
Lake Mary
County
Seminole
State
Florida
Latitude
28.7553489
Longitude
-81.3661918
1301 International Pkwy, Lake Mary, Florida

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1301 International Pkwy
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