1211 Florida 436Casselberry, FL 32707

Property Details for 1211 Florida 436

Year built

1986

Property size (Sq ft)

83,520 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Casselberry

County

Seminole

State

Florida

Latitude

28.6372

Longitude

-81.323

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