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12950 E Colonial Drive, Orlando, FL

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12950 E Colonial Drive

Orlando, FL 32826-4609 - SE Orange Outlying Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2009
Building Size:11,340 SF Land Area:1.24 AC (54,071 SF)
For Sale Price:$2,800,000 Price/SF:$246.91
Cap Rate:7.52 %
Parking:Free Surface spaces are available; Ratio of 3.97/1,000 SF
Features:Bus Line, Pylon Sign, Signage

Sale Notes:
The property for sale is 12950 East Colonial Drive, Orlando, FL 32826. The owner completed the development of the property back in 2009 with concrete block and stucco and put many details into the construction to assure its quality. The rentable square feet is 11,285 and the gross square feet is 12,366. There are currently 4 tenants who complete the occupancy of the building to 100%. It is important to note the Optometry tenant has over 40 locations in FL and their space has a drive thru which is a great opportunity for a national QSR (Dunkin Donuts, Starbucks) or bank in the future. The Dentist has been in business for almost 30 years, this is their 2nd location. All leases are NNN and the property is currently making an annual net income of $210,616.

TRG Commercial Real Estate
Tony Nguyen
(407) 852-8889

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