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10207-10235 General Dr - Parkway Distribution Center 8,479 SF Industrial Condo Unit Offered at $1,899,990 in Orlando, FL 32824
Executive Summary
Largest unit within an 8-unit industrial warehouse condominium complex located in the highly desirable Airport submarket of Orlando.
1 Unit Available
Unit 8
| Unit Size | 8,479 SF | Cap Rate | 5.21% |
| Price | $1,899,990 | NOI | $98,989.48 |
| Price Per SF | $224.08 | No. Parking Spaces | 8 |
| Condo Use | Industrial | Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User |
| Unit Size | 8,479 SF |
| Price | $1,899,990 |
| Price Per SF | $224.08 |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.21% |
| NOI | $98,989.48 |
| No. Parking Spaces | 8 |
| Sale Conditions | 1031 Exchange |
Description
First Floor
Sale Notes
This offering presents an opportunity to acquire a stabilized industrial warehouse asset in the highly desirable submarket of Orlando. The property comprises 8,479 SF and is the largest warehouse unit within an 8-unit industrial building, providing a unique combination of scale and functionality that is rarely available in comparable condominium assets.
This 8,479 SF asset (±646 SF office / ±7,786 SF warehouse) is currently leased to a national telecommunications infrastructure contractor through September 17, 2026, providing stable cash flow during the near term. The tenant has an established presence at the property, and there is a strong possibility of renewal, while the lease term also offers clear timing for an owner-user to plan occupancy.
The property is currently leased at $11.55/SF, representing a significant discount to market rents ($15–$18/SF), creating a compelling mark-to-market opportunity for investors or the ability for an owner-user to acquire at a basis supported by below-market income.
Constructed of concrete block, the building offers 16–17 ft clear height, two dock-high doors (including one with lift), and a secured fenced/gated configuration, making it highly functional for logistics, distribution, or service-based operations. The office buildout includes a reception area, two private offices, and dual restrooms.
Strategically located with immediate access to Florida Turnpike, SR 528 (Beachline Expressway), and SR 417 (Central Florida GreeneWay), and minutes from Orlando International Airport, the property sits within one of Central Florida’s most active industrial corridors.
This asset provides immediate return with embedded upside, while also presenting a rare opportunity for an owner-user to secure a well-located facility with near-term occupancy optionality.
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Front Loading
- Storage Space
Utilities
- Lighting
- Water
- Sewer
- Heating
Presented by
10207-10235 General Dr - Parkway Distribution Center
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