10-14 W Illiana St - Warehouse FOR SALE


Orlando, FL 32806- SoDo
$2,995,000 USD
407-315-3060
10-14 W Illiana St, Orlando, FL for Sale
$2,995,000 USD
Warehouse - FOR SALE
1/42
null | 4.08% Cap Rate

10-14 W Illiana St
Orlando, FL 32806
SoDo


HIGHLIGHTS

  • ~11,171 SF two-building industrial asset in SoDo.
  • 100% leased to tenant in place since 2019.
  • Current rent below market; embedded NOI growth at renewal.
  • Tenant has invested ~$150K+ in space-specific improvements.
  • New roofs and HVAC reduce near-term capital exposure.
  • In-place cap ~4.1% with stabilized yield potential ~6.0%–7.5%+.

OVERVIEW

Stable income with clear, time-driven NOI expansion in an infill submarket with limited supply and high tenant stickiness. Two-building industrial asset totaling ~11,171 SF across two parcels in SoDo (South Downtown Orlando), configured for both customer-facing taproom operations and rear production/warehouse capacity. Zoned ORL-AC-2/SP allowing continued brewery/taproom use as well as other adaptive industrial retail and light industrial uses in a supply-constrained infill submarket with limited comparable inventory. 100% leased to a single operator since 2019. Tenant has invested approximately $150,000+ in permanent improvements including brewing infrastructure and an industrial walk-in freezer, creating high location dependence and a strong incentive to renew. Current rent of $12,000/month ($144,000/year) is below market for brewery-capable industrial retail in SoDo, positioning the asset with embedded rent growth at renewal without requiring vacancy, turnover, or repositioning. Landlord responsibilities are limited to property taxes (~$20,330/yr) and building insurance (~$1,500/yr). Tenant pays utilities and carries commercial liability insurance. Roofs and HVAC systems were replaced within the past year, minimizing near-term capital expenditure exposure. Based on SoDo submarket lease rates in the $18–$22/SF range for similar industrial/taproom configurations, a renewal structured at market supports a stabilized yield in the ~6.0%–7.5%+ range, compared to the ~4.1% in-place cap rate.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

4.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Restaurant, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,651

ZONING

C-3, Orange County

APN/PARCEL ID

02-2329-3156-00-031,02-2329-3156-00-041

ASK ABOUT THIS PROPERTY

Brad YoungYoung and YoungerMore Info
407-315-3060

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Brad YoungYoung and YoungerMore Info
407-315-3060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.