lake underhill business center - loopnet

1800 Pembrook Drive, Suite 350Orlando, Florida 32810+1 407 875 9989

nairealvest.com

12.05.19

Lake Underhill Business Center11489 - 11561 Lake Underhill RoadOrlando, Florida 32825

Sale Price: $4,695,000

For more information:

Tom R. Kelley II, CCIM+1 407 949 0715 • [email protected]

The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Unless otherwise noted, the property is being offered as-is, where is, with all faults.

For Sale

Lake Underhill Business Center

Building 1


For Sale


Property Features• Two Class A single-story office buildings

totaling 34,980± SF on 3.11± acres

• Good mix of Tenants

• 12 units ranging from 1,600± SF to 8,500± SF

• Tilt wall construction; built in 2003 and 2004

• Both buildings are sprinklered

• Zoning: Office (P-D)

• Ample parking: 165 spaces (5/1,000 SF)

• New landscaping and updated courtyard between the buildings

• Utilities: Electric: Duke Energy Water & sewer: Orange County

• Near the University of Central Florida and Research Park

• Great location close to Alafaya Trail and SR 408 (East-West)

• Easy access to Dean Road, Rouse Road, Colonial Drive and SR 417 (GreeneWay)

• Across the street from Legacy Middle School and Lockheed Martin

• Only 1.5 miles from Waterford Lakes Town Center

• Close to Valencia College East Campus

Building 2

Conference RoomProforma - 2020Gross Revenue

Potential Gross Income (2020) $512,224

Operating Expenses

Real Estate Taxes 40,929

Utilities 8,508

Maintenance/Repairs 29,346

Insurance 15,000

Total Operating Expenses $92,854

Net Operating Income $418,441

TenantsBuilding 1

Suite SF Tenant

11489 2,600 Tadlock Roofing

11495 1,600 Valle Law Firm

11501 8,500 Future Tenant

11513 2,100 THS Sublease

11519 2,100 Family Home Health Sublease

Building 2

11531 2,100 Lee Rogers Agency

11537 1,900 Future Tenant

11543 2,100 Ability Health Care Services

11547 2,100 Summit Chiropractic, LLC

11549 2,100 Lazen Power Engineering

11555 4,200 My Gym

11561 2,100 Class Act Studios


For Sale


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OrlandoExecutive

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VALENCIA COLLEGE

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North

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AirportLake Underhill

Business Center


For Sale

Lake UnderhillBusiness Center

lake underhill business center - loopnet

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