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121-189 S Orange Ave - The Chase Plaza 2,995 - 6,784 SF Office Condo Units Offered at $585,000 - $1,600,000 Per Unit in Orlando, FL 32801
Investment Highlights
- Beautiful custom office space available
- Fine and casual dining options available
- 12-screen Plaza Cinema Movie Theater and Café on site
- A true live, work, play development
- 1,600 space structured parking garage
- Just blocks from City Hall, The New Performing Arts Center, New Amway Arena and proposed Sun Rail Stop
Executive Summary
THE PLAZA, Anchors Downtown Orlando’s Core Business District and is a Headway to the vibrant Sports Corridor. It was completed in 2007 and is considered one of the finest high-rises in Orlando. It consists of both retail spaces (on the first floor) and office condos. The office suites are of top-grade quality. Built according to spec, the office condos spacious and luxurious appeal make these suites a HOT item especially at these rates! The Plaza boasts the following amenities -coffee shop, several restaurants, and salon.
Property Facts
| Total Building Size | 500,000 SF | Typical Floor Size | 23,810 SF |
| Property Type | Office | Year Built | 2006 |
| Property Subtype | Office/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 2.19 AC |
| Floors | 21 | ||
| Zoning | AC-3A/T/HP - High-density downtown business district | ||
| Total Building Size | 500,000 SF |
| Property Type | Office |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 21 |
| Typical Floor Size | 23,810 SF |
| Year Built | 2006 |
| Tenancy | Single |
| Lot Size | 2.19 AC |
| Zoning | AC-3A/T/HP - High-density downtown business district |
Amenities
- 24 Hour Access
- Banking
- Controlled Access
- Conferencing Facility
- Courtyard
- Food Service
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Outdoor Seating
- Air Conditioning
3 Units Available
Unit 840N
| Unit Size | 4,818 SF | Condo Use | Office |
| Price | $1,190,000 | Sale Type | Owner User |
| Price Per SF | $246.99 |
| Unit Size | 4,818 SF |
| Price | $1,190,000 |
| Price Per SF | $246.99 |
| Condo Use | Office |
| Sale Type | Owner User |
Description
Prime corner unit with sweeping views of Lake Eola and Downtown Orlando. This Suite offers 14 private offices, a large conference room, a break room, and a reception area. Available furnished or unfurnished. Call now for your private tour!
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Unit 1410N
| Unit Size | 2,995 SF | Condo Use | Office |
| Price | $585,000 | Sale Type | Owner User |
| Price Per SF | $195.33 |
| Unit Size | 2,995 SF |
| Price | $585,000 |
| Price Per SF | $195.33 |
| Condo Use | Office |
| Sale Type | Owner User |
Description
Newly updated office suite which includes reception area, conference room, break room, 3 private offices, and two open work space areas.
Sale Notes
SELLER FINANCING AVAILABLE
+12 More
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Unit 1520-1530
| Unit Size | 6,784 SF | Sale Type | Investment |
| Price | $1,600,000 | Cap Rate | 5.62% |
| Price Per SF | $235.85 | NOI | $89,920 |
| Condo Use | Office |
| Unit Size | 6,784 SF |
| Price | $1,600,000 |
| Price Per SF | $235.85 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| NOI | $89,920 |
Description
The two units, 1520 and 1530, are currently built out as five smaller office suites. Two of which are corner units, one has a balcony, and the other two are smaller footprints, which are rare and hard to come by. These smaller-sized units allow for a higher base rent, less vacancy, and a lower turnover when compared to the typical 3-4k RSF office condo in The Plaza.
Sale Notes
Fully Leased Office Condo Investment
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Demographics
Demographics
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Your Office USA |
16,624 SF
|
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|
| Baker Barrios Architects, Inc. |
11,747 SF
|
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|
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121-189 S Orange Ave - The Chase Plaza
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