Heaven Plaza III Office FOR SALE


Orlando, FL - Lake Ellenor
$18,500,000 USD
321-395-8979
, Orlando, FL for Sale
$18,500,000 USD
Office - FOR SALE
1/15
null | 6.7% Cap Rate

Heaven Plaza III
Orlando, FL
Lake Ellenor


HIGHLIGHTS

  • Below-market rents, approximately 20% under competing properties, offer immediate upside through strategic lease adjustments.
  • Assumable financing enhances alluring buyer flexibility, lowering acquisition roadblocks in today’s economic environment.
  • Priced significantly below replacement cost, the asset presents an attractive basis in a high-demand Orlando submarket.
  • Recent capital improvements, including modernized façades and landscaping, create a seamless ownership transition and boost curb appeal.
  • This synergistic and established tenant mix, including national medical and service providers, supports long-term income stability.
  • Positioned within a $2.1 billion consumer spending zone, the property benefits from robust local economic drivers and tenant demand.

OVERVIEW

Heaven III is a six-building, campus-style business park in southern Orlando's dynamic commercial landscape. This professionally upgraded property offers investors a compelling value-add opportunity through significant upside potential in rents and the benefit of assumable financing. With rental rates approximately 20% below comparable assets in the submarket, new ownership can unlock meaningful value through strategic lease-up and repositioning. Priced below replacement costs, Heaven III offers a rare opportunity to acquire a high-quality asset in a supply-constrained market. The property is further strengthened by over $2.1 billion in total annual consumer spending within a 5-mile radius, supporting robust tenant demand and long-term income growth. A diverse and established tenant roster includes notable occupants such as Orlando Medical Institute and DaVita Orlando Southwest Dialysis, and a mix of medical, retail, service, and professional users. Rear flex bays offer enhanced functionality, catering to various business operations and increasing leasing flexibility. Between US Highway 441/S Orange Blossom Trail and Lake Ellenor Drive, the property enjoys regional connectivity via Interstate 4, S John Young Parkway, and Florida's Turnpike. Tenants benefit from proximity to major retail anchors like The Florida Mall, FedEx, and Harbor Freight. Downtown Orlando is just 6.5 miles away, and Orlando International Airport (MCO) is a smooth 15-minute drive. With below-market rents, strong tenant fundamentals, and exceptional location dynamics, Heaven III presents a rare chance to acquire a stable, income-producing asset with meaningful upside in one of Florida's most sought-after growth markets.

ASK ABOUT THIS PROPERTY

Ray TurchiMarcus & MillichapMore Info
321-395-8979

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Ray TurchiMarcus & MillichapMore Info
321-395-8979

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