958 Explorer Cv - Light Distribution FOR SALE


Altamonte Springs, FL 32701
$2,319,000 USD
918-494-2690
958 Explorer Cv, Altamonte Springs, FL for Sale
$2,319,000 USD
Light Distribution - FOR SALE
1/3
null | 6.5% Cap Rate

958 Explorer Cv
Altamonte Springs, FL 32701


HIGHLIGHTS

  • Industry Leading Operator with Strong Parent Company
  • Recent Lease Extension | Mission Critical Location
  • Strategic Location within Orlando MSA with Strong Demographics
  • Long-Term Net Lease with Annual Rent Increases
  • Stabilized Income and Long-Term Occupancy

OVERVIEW

Northmarq is pleased to offer qualified investors the opportunity to acquire an industrial warehouse property in Altamonte Springs, FL, approximately 4 miles from the Traffic Control Devices (TCD) headquarters, within the Orlando MSA. The Property is leased to TCD, a leading provider of traffic management solutions. TCD is a subsidiary of Asplundh Tree Expert, a company with S&P BB+ credit and $5.7 billion in annual revenue for 2024. The Property is backed by a long-term lease with 3% annual rent escalations and is strategically located within the Orlando MSA, it offers excellent access to major highways such as U.S. Highway 17 and Interstate 4. In Association With Jason Long, FL Lic #BK3302956

FOR SALE DETAILS

PRICE

$2,319,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advanced Euro Inc

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.62

LAND SF

27,007

ZONING

M-1

APN/PARCEL ID

07-21-30-520-0000-0060

ASK ABOUT THIS PROPERTY

Brad PepinNorthmarqMore Info
918-494-2690

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Brad PepinNorthmarqMore Info
918-494-2690

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