2305 Edgewater Dr - Apartments CONDO FOR SALE


Orlando, FL 32804- College Park
$11,220,000 USD
407-808-5988
2305 Edgewater Dr, Orlando, FL for Sale
$11,220,000 USD
Apartments CONDO - FOR SALE
1/10
null | 6.5% Cap Rate

2305 Edgewater Dr
Orlando, FL 32804
College Park


HIGHLIGHTS

  • Exceptional Demographics
  • Impressive Trade Area
  • Truist Bank-Anchored Center
  • Assumable Loan at 3.59%
  • NNN Leases
  • Proven Retail Success

OVERVIEW

CBRE is proud to offer for sale The Wellesley, a 19,827 square foot, 95% leased and long established retail condominium in Orlando, Florida. Built in 2007, it is the ground floor retail component of the 7-story Wellesley Condominium project. The property is located in the highly popular College Park neighborhood just North of Downtown Orlando. The College Park trade area is densely populated with high incomes. Due to its in-fill location in close proximity to Orlando, there has been a surge in both densification and gentrification leading to impressive increases in home values. The Wellesley is located along Edgewater Drive between West Smith Street and Vassar Street, the most prominent location in College Park. Both intersections are fully signalized allowing for excellent automobile and foot access. The property also benefits from designated off-street garage parking combined with street parking. The Wellesley provides the perfect mix of daily needs neighborhood retail and service providers. It is located in a highly-desirable neighborhood with positive momentum. Its ideal positioning, seasoned tenancy, solid income growth potential and at a major lighted intersection with abundant parking makes for a successful retail project.

FOR SALE DETAILS

PRICE

$11,220,000 USD

PRICE/SF

$566 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

95%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wellesley - Retail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

19,827 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PD

APN/PARCEL ID

14-2229-9132-12-010,14-2229-9132-12-020,14-2229-9132-12-060,14-2229-9132-12-100,14-2229-9132-12-120,14-2229-9132-13-010,14-2229-9132-13-050,14-2229-9132-13-070,14-2229-9132-13-090,14-2229-9132-13-100,14-2229-9132-13-110,14-2229-9132-14-030,14-2229-9132-14-050,14-2229-9132-14-080,14-2229-9132-14-110,14-2229-9132-15-020,14-2229-9132-15-050,14-2229-9132-15-090,14-2229-9132-15-150,14-2229-9132-16-040,14-2229-9132-16-080,14-2229-9132-16-090,14-2229-9132-16-110,14-2229-9132-16-130,14-2229-9132-16-190,14-2229-9132-16-220,14-2229-9132-17-010,14-2229-9132-17-020,14-2229-9132-17-060,14-2229-9132-17-150,14-2229-9132-22-040,14-2229-9132-23-010,14-2229-9132-23-070,14-2229-9132-23-100,14-2229-9132-24-020,14-2229-9132-24-050,14-2229-9132-25-010,14-2229-9132-25-060,14-2229-9132-25-080,14-2229-9132-25-100

ASK ABOUT THIS PROPERTY

Daniel BakerCBRE, Inc.More Info
407-808-5988

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Daniel BakerCBRE, Inc.More Info
407-808-5988

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