1806 33rd St - Flex FOR SALE


Orlando, FL 32839- Park Central
$5,450,000 USD
858-459-1913
1806 33rd St, Orlando, FL for Sale
$5,450,000 USD
Flex - FOR SALE
1/29
null | 6.76% Cap Rate

NEW


1806 33rd St
Orlando, FL 32839
Park Central


OVERVIEW

The OFFERING Offered for sale to qualified investors is a fully leased multi-tenant property located in Orlando, Florida. The Property is a 23,752 SF flex industrial building, 100% leased to four tenants. The leases are ‘at market’ and each features cost of living increases and are NNN, with Landlord responsibilities limited to roof and structure. All tenants are on leases that they have renewed. The infill location is a master-planned business park with quick access to Interstate 4. The roof was replaced in the fall of 2018 and has a 15 year warranty. The Property is located in the SW Orange County Industrial Submarket, located at I-4 between Millenia and downtown. The successful investor will acquire a fully stabilized, functional flex building, located in a top U.S. investment market for commercial real estate. (Florida has no state income tax.) FAST FACTS #1 Tourist Destination in U.S. 7th Busiest Airport in the U.S. 76.7 Million Visitors in 2025 Among the Top Export States PROPERTY OVERVIEW Address 1806 33rd St, Orlando, FL 32839 Property Type Flex/Office Year Built 2002 RBA (SF) 23,752 Land Area (AC) 1.64 Parking on lot 113 Spaces; 4.8 per 1,000 plus full Park Construction Precast Concrete over Steel Frame Roof TPO, Replaced in 2018 - 15 Year Warranty HVAC 14 Roof-top Package Units Life Safety The building is fully sprinkled per code Zoning Planned Development INVESTMENT HIGHLIGHTS Minimal Landlord Obligations All operating expenses are fully reimbursed including management fees. Landlord responsible only for structural repairs and replacement. Stable Asset 100% leased to four tenants on renewed leases ‘at market’ with annual CPI rent growth (not 2 or 3 % fixed rates). New Roof In 2018, Landlord replaced the roof; 15 year warranty in place. InFill location Top Market Master-planned business park on I-4 in Orlando, one of the fastest growing large cities in America. Tax-Free State Florida has no State income tax. NOI Calculations Pricing is based on 12/1/2026 NOI after 3 CPI rent increases at the end of August, October, and November. Seller to credit buyer prorated difference at closing, calculated at current annual CPI increase of 4%. Current NOI includes management fees. Self management will yield a Cap Rate of 7.15. Tenant in the 7400 SF space is paying on dark space. That space probably could be available soon to an owner user. Construction and use The building was built in 2002 and is currently configured as about 75% office space with 5 suites and one tenant using 2 suites Parking All spaces in the I-4 Business Park are available for tenant use so the parking is almost unlimited. Of the 113 spaces within property limits, 21 are exclusive use - something no other building in the park has. Association The park is managed by an Association which pays for landscaping among other things. The Association has about $200,000 in reserves.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg 2

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

1.64

LAND SF

71,438

ZONING

PD

APN/PARCEL ID

10-2329-3871-00-050

ASK ABOUT THIS PROPERTY

Martin McGeeMartin McGeeMore Info
858-459-1913

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Martin McGeeMartin McGeeMore Info
858-459-1913

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