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850 Courtland Street - Courtland Executive Ctr, Orlando, FL

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850 Courtland Street - Courtland Executive Ctr

Orlando, FL 32804-1345 - Lee Road Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1982
Stories:2 Typical Floor:4,800 SF Building Size:9,600 SF
For Sale Price:$989,000 Price/SF:$103.02
Cap Rate:9.28 %
Parking:Free Surface spaces are available; Ratio of 3.66/1,000 SF Amenities:24 Hour Availability, Controlled Access

Property is located between fairbanks Avenue and Lee Road. Superior access to I-4, central location. Excellent parking.

Conveniently located by Interstate 4 and Lee Rd and downtown Orlando. Second floor great office space, renovated kitchen and bathrooms. Brand new Walmart is coming next door.
From I 4 east to Lee Rd.

Sale Notes:
Courtland Street Office is a professional multi-tenant office building located at 850 Courtland Street, Orlando, FL. This concrete block construction two-story building was built in 1982, has 9,600 of rentable square feet and sits on a land area of 0.50 acres. This property has been fully renovated since 2014 with a brand new roof, fresh paint inside and out, exterior appearance upgrade, staircase upgrade, resurfaced/restripped parking lot, updated landscaping, and much more.

The building is configured for eight units, four upper and four lower, with all units having exterior access. Units are accessed from recessed courtyard areas on the east and west side of the building. Six of the eight units are occupied for a 75% occupancy.
Located right across the street from a new-construction Walmart that is nearing it's completion which will increase this property's rental exposure exponentially. In addition to the Walmart, this property is located within an established office market and is close to several retail facilities including the Lee Road Shopping Center . The subject property is located near the corner of Courtland Street and Adanson Street approximately 6.5 miles south of downtown Orlando. The closest major highway is Interstate-4 which is located a half mile away. The closest major intersection, one block north, is Lee Road which is a major east/west commercial corridor through Central Florida and is a direct route to Winter Park. Lee Road also connects this property to major thoroughfares like Interstate 4, Edgewater Drive, Orlando Avenue, Orange Blossom Trail, and it ultimately leads to John Young Parkway. Lee Road has exposure to approximately 40,500 vehicles daily.

Orlando, a city in Central Florida, is home to more than a dozen theme parks and has been ranked by Forbes magazine as the number one city for job growth in the U.S. in 2014.

Florida Realty Investments
Christopher Minchin
(321) 747-3217

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