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1485 International Parkway, Lake Mary, FL

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DetailMap
1485 International Parkway

Lake Mary, FL 32746-5303 - Lake Mary Submarket

(2.1 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:2006
Stories:3 Typical Floor:9,180 SF Building Size:27,540 SF
Smallest Space:2,370 SF Largest Space:2,370 SF Total Space Avail:2,370 SF Rent/SF/Yr:
$17.50
Parking:Free Surface spaces are available; Ratio of 2.87/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,370 SF
$17.50/SF/Yr
Vacant
3-5 yrs
Office
 
10868212
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,370 SF
$17.50/SF/Yr
Vacant
3-5 yrs
Office

Sale Notes:
1485 International Parkway presents a rare opportunity to acquire a top multi-tenant office building in a highly desirable, outperforming submarket. A combination of strong occupancy, below-market rents, institutional quality, and predictable income make it one of Central Florida’s leading investment opportunities today.

INVESTMENT HIGHLIGHTS
· 27,540 sq. ft. Class A Office Building
· Anchor tenant, occupying 35% of the building, is locked up through 2024
· NOI projected to grow 84% over the next ten years
· More than 400,000 sq. ft. of retail within walking distance
· Superb location in Orlando’s premier “Live, Work, Play” community of Lake Mary
· Diversified rent roll includes six tenants from several different industries with an average size of approximately 4,000 SF
· Newer construction - built in 2006
· Unique design & architectural style
· Opportunity to purchase below replacement cost
· Office vacancy within Lake Mary is a market leading 8.9%
· Excellent access to I-4 and S.R. 417
· Executive housing surrounds the area
· Lake Mary is ranked as “Outperform” by CBRE Economic Advisors and projects asking rents to increase faster than the overall MSA.


Hold-Thyssen, Inc.
Darby Hold
(407) 691-0505



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