1101 N Lake Destiny Dr - Office/Residential FOR SALE


Maitland, FL 32751- Lake Maitland
$8,750,000 USD
754-228-5347
1101 N Lake Destiny Dr, Maitland, FL for Sale
$8,750,000 USD
Office/Residential - FOR SALE
1/8
null | 8% Cap Rate

1101 N Lake Destiny Dr
Maitland, FL 32751
Lake Maitland


HIGHLIGHTS

  • Stabilized Cash-Flowing Asset: Approximately 94% occupied with a diverse mix of national and local tenants.
  • Anchored by National Tenant: ClearChoice Dental Implant Centers serves as the anchor, enhancing credit quality and tenant stability.
  • Strategic Location: Positioned just off Interstate 4 and Maitland Boulevard in the affluent Maitland Center submarket.
  • Covered Parking & Lake Views: Features basement-level covered parking and backs up to Lake Destiny, offering scenic views and tenant amenities.
  • Affluent Surrounding Demographics: Over 100,000 residents within a three-mile radius with average household incomes exceeding $83,000.
  • Strong Office Submarket: Located in one of Orlando’s most established office corridors, with a healthy leasing environment and limited competition.

OVERVIEW

Marcus & Millichap is pleased to present for sale the Lake Destiny Center (the “Property”), a four-story, ±57,526-square-foot office building located at 1101 North Lake Destiny Road in Maitland, Florida. The Property is situated in the affluent Maitland Center submarket within the greater Orlando area. Lake Destiny Center is approximately 94% occupied and offers investors a stabilized, cash-flowing asset with a well-diversified tenant mix that includes both national and local occupants. Anchored by ClearChoice Dental Implant Centers, the Property features large monument signage, covered parking in the basement garage, and lakefront views that enhance tenant appeal. Strategically located along Interstate 4 just off the Maitland Boulevard exit, the Property benefits from excellent visibility, accessibility via Maitland Boulevard and Wymore Road, and proximity to a dense residential population of over 100,000 within a three mile radius with average household incomes exceeding $83,000. With staggered lease expirations and minimal near-term rollover, Lake Destiny Center presents a compelling opportunity for an investor seeking a well-located, income producing asset in one of Orlando’s most established office corridors.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Destiny Exec Center I

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

194

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

WS-RT

APN/PARCEL ID

26-2129-0000-00-001

ASK ABOUT THIS PROPERTY

Madison ChungMarcus & MillichapMore Info
754-228-5347

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Madison ChungMarcus & MillichapMore Info
754-228-5347

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