27 Coburn AveOrlando, FL 32805

Property Details for 27 Coburn Ave

Year built

1957

Lot size

1.33 AC

Property size (Sq ft)

16,826 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a 16,826 square foot, Class B office building in Orlando, Florida. Currently 100% occupied under a long-term, single-tenant lease with the Florida Department of Corrections, extending until October 31, 2031 (6.9 years remaining). The lease, executed in November 2022, guarantees stable and predictable cash flow. The property boasts a 7.25% cap rate and a Net Operating Income (NOI) of $209,801, with an asking price of $2,895,000 ($172.06/sq ft). Built in 1957 and extensively renovated in 2023 to meet the tenant's needs, the building sits on a 1.33-acre lot and includes 86 parking spaces (exceeding lease requirements). The property benefits from its prime location, two miles from Interstate-4 (201,000 vehicles daily), and its proximity to major attractions like Camping World Stadium and downtown Orlando. The seller is implementing ongoing LED lighting retrofits, resulting in future cost savings for the buyer. This fee-simple ownership offers a secure investment in a thriving Florida market, with a population exceeding 335,000 within a five-mile radius. The property's location in Orange County, Florida, at 27 Coburn Ave, Orlando, FL 32805, further enhances its appeal.

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.543

Longitude

-81.4086

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