727-902-1863
1801 Cypress Lake Dr, Orlando, FL for Sale
Warehouse - FOR SALE
1/8
null | Request Cap Rate

1801 Cypress Lake Dr
Orlando, FL 32837
I Drive


HIGHLIGHTS

  • Lease-up opportunity in the heart of Orlando's top industrial submarket.
  • Offered at a spread to market cap rates and at a significant discount to replacement cost ($200 PSF) and recent comparable sale transactions $220 PSF.
  • Core infill Orlando location at an established industrial node largely institutionally owned and comprised of major corporate tenants/ users.

OVERVIEW

Jones Lang LaSalle ("JLL") has been exclusively retained to market the fee simple sale of 1801 Cypress Lake Dr (the "Property"), a ±168,515 square foot infill distribution facility on 10.62 acres in the heart of Orlando's top industrial submarket, Southeast Orange County. The Property is currently owned and occupied by Veyer Logistics ("VEYER"), a logistics firm owned by Office Depot's parent company, The ODP Corporation. VEYER has announced it will close this location and will be vacating the property upon sale. Clayco developed the Property in 1998 as a build-to-suit for Boise Cascade and was subsequently expanded in 2005 to its current footprint. The building has been owner-occupied since its development and offers market-desirable features, including 30' clear height, dedicated office space totaling 12,590 SF, a secure truck court, and 25 loading doors with ample vehicle parking. Additionally, the Property is strategically located west of Orlando's International Airport (MCO) at the confluence of the region's major highway systems, making it an ideal hub to serve nearly 4M people within 60 minutes. The offering provides an investor the rare opportunity to acquire a highly functional distribution facility with exceptional highway access at a core Orlando location at an attractive basis with immediate value creation through lease-up.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1801 Cypress Lake Drive

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

24

DRIVE INS

1

PARKING SPACES

150

LAND DETAILS

LAND ACRES

10.62

LAND SF

462,607

ZONING

-

APN/PARCEL ID

10-2429-1906-00-041

ASK ABOUT THIS PROPERTY

727-902-1863

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727-902-1863

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