1211 STATE ROAD 436 CASSELBERRY FL 32707 MLS #O6207211 | Gary Kusher | Florida Real Estate

1211 STATE ROAD 436
CASSELBERRY, FL, 32707
$13,950,000
Beds
0 Baths
83,520 SqFt
8.29 Acres
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Welcome to Casselberry Corporate Center. This Class A office center offers an impressive 83,520 SF of total building space, with 80,035 SF of leasable square footage and is situated on a sprawling 361,112 SF, 8.29 acre lot. This property is strategically located near Winter Park and Maitland, esteemed sub-markets in the Orlando regional area. The subject property has undergone over $1 million in significant recent upgrades, including upgraded LED lighting and flooring in nearly all units, a remodeled lobby and common areas, new HVAC, new lot paving, upgraded bathrooms, a new tenant directory, LED lights in the parking lot, all new irrigation plus landscaping and much more. The property is turn-key ready and move-in ready to operate. This 8.29 acre office site features a picturesque, park-like setting adorned with mature trees, an inviting outdoor seating area, and convenient proximity to convenience stores and restaurants, as well as direct access to Orlando International Airport via Semoran Blvd. This meticulously upgraded office space offers a prime investment opportunity in a thriving location. This corporate office center is priced to sell at $167.03 per square foot. This building is perfect for an owner-user corporate headquarters or an investor. Strong tenant mix. 6.8% actual cap rate with 86% occupancy. Projected cap rate is 8.8% once fully leased. An opportunity for an owner user to take up to 45k SF.

Property Details

Price:
$13,950,000
MLS #:
O6207211
Status:
Active
Beds:
0
Baths:
0
Address:
1211 STATE ROAD 436
Type:
Commercial
Subtype:
Office
Subdivision:
INTERLACHEN CORPORATE CENTER
City:
CASSELBERRY
Listed Date:
May 22, 2024
State:
FL
Finished Sq Ft:
83,520
ZIP:
32707
Lot Size:
361,112 sqft / 8.29 acres (approx)
Year Built:
1986
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Schools

Interior

Cooling
Central Air
Heating
Central

Exterior

Construction Materials
Other
Parking Features
Ground Level, Lighted, Over 30 Spaces

Financial

Buyer Agent Compensation
1%%
Tax Year
2023
Taxes
$80,611

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Community

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1211 STATE ROAD 436
CASSELBERRY, FL