Active
1211 STATE ROAD 436
CASSELBERRY FL, 32707
$12,495,000
$149.60 per sqft
Active
83,520 sqft
Commercial
Built in 1986
Welcome to Casselberry Corporate Center. This Class A office center offers an impressive 83,520 SF of total building space, with 80,035 SF of leasable square footage and is situated on a sprawling 361,112 SF, 8.29 acre lot. This property is strategically located near Winter Park and Maitland, esteemed sub-markets in the Orlando regional area. The subject property has undergone over $1 million in significant recent upgrades, including upgraded LED lighting and flooring in nearly all units, a remodeled lobby and common areas, new HVAC, new lot paving, upgraded bathrooms, a new tenant directory, LED lights in the parking lot, all new irrigation plus landscaping and much more. The property is turn-key ready and move-in ready to operate. This 8.29 acre office site features a picturesque, park-like setting adorned with mature trees, an inviting outdoor seating area, and convenient proximity to convenience stores and restaurants, as well as direct access to Orlando International Airport via Semoran Blvd. This meticulously upgraded office space offers a prime investment opportunity in a thriving location. This corporate office center is priced to sell at $167.03 per square foot. This building is perfect for an owner-user corporate headquarters or an investor. Strong tenant mix. 6.8% actual cap rate with 86% occupancy. Projected cap rate is 8.8% once fully leased. An opportunity for an owner user to take up to 45k SF.
O6207211
MLSⓇ ID
May 22, 2024
Listed
December 19, 2024
Updated
Map
1211 STATE ROAD 436
CASSELBERRY FL, 32707
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
8.29 Acres
Other Property Details
Area Name
32707 - Casselberry
Taxes
$80,611
Tax Frequency
Annually
Days on Market
211
Association Fee Frequency
Monthly
Garage
No
Parking
Ground Level, Lighted, Over 30 Spaces
View
No
County
Seminole
Municipality
21
Pool
No
Zoning
PMX-L
Listing History
Date | Event | Price |
---|---|---|
12/19/2024 | Price change | $12,495,000 -4% |
12/5/2024 | Price change | $12,950,000 -6% |
9/17/2024 | Price change | $13,750,000 -2% |
Listed by RE/MAX ASSURED
Listing Contact: 800-393-8600
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Data last updated 12/19/2024, 4:49 PM UTC