For Sale
$799,000

1202 Silver Star RdOcoee, FL 34761

Prime location, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,165 square foot, Class B medical office building in Ocoee, Florida. Located at 1202 E Silver Star Rd, 34761, this single-story, 1994-built property boasts 100% occupancy with two separate suites, each featuring private entrances and exits. The current configuration includes a main lobby, reception area, conference room, five individual offices, two restrooms, an executive office, and a filing room. While currently used as a medical office, the flexible layout allows for various professional uses. The property sits on a 19,943 square foot lot, zoned C-1, and enjoys a prime location on Silver Star Road, less than half a mile west of North Clarke Road. This strategic location provides convenient access to major Central Florida highways and the Florida Turnpike, as well as numerous retail amenities including LA Fitness, Great Clips, banks, restaurants, and pharmacies. The property is offered as a Net Lease investment with a remaining lease term of approximately 1.9 years (Lease Expiration: 10/31/2026), a 7.53% cap rate, and a strong net operating income (NOI) of $60,154. The asking price is $799,000, representing a price per square foot of $252.45. The property is owned by Ag Perfame Family Limited Partnership and is being offered for sale by owner. This is a rare opportunity to acquire a well-located, high-performing medical office building with significant upside potential.

Highlights

  • $799,000 asking price for a 3,165 SF medical office building.
  • Net lease investment opportunity with a 7.53% cap rate and $60,154 NOI.
  • 100% occupancy with two tenants under a NNN lease with 1.9 years remaining.
  • Located on Silver Star Road in Ocoee, FL, near major retailers and highways.
  • 1994-built, Class B building with two separate suites, each with private entry/exit.

Property Details for 1202 Silver Star Rd

Property type
Office properties, Medical offices
Square Feet
3,165 SF
Class
B
Year Built
1994
Stories
1
Units
2

Location Insight

City
Ocoee
County
Orange
State
Florida
Latitude
28.573595944054
Longitude
-81.527382007966
1202 Silver Star Rd, Ocoee, Florida

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1202 Silver Star Rd
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