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121-189 S Orange Ave - The Chase Plaza 6,445 SF Office Condo Unit Offered at $2,292,968 in Orlando, FL 32801
INVESTMENT HIGHLIGHTS
- Fully leased - Absolute NNN Lease
- Two (2) additional 5-year renewal options
- Impressive floor-to-ceiling views of Downtown Orlando
- Long-term lease through 2031 with 3% annual rent increases
- High-end build-out with glass-line offices, executive boardroom, and reception
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 500,000 SF | Typical Floor Size | 23,810 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Office/Residential | Lot Size | 1.65 AC |
| Building Class | A | Parking Ratio | 0.2/1,000 SF |
| Floors | 21 | ||
| Zoning | AC-3A/T/HP - High-density downtown business district | ||
| Total Building Size | 500,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | A |
| Floors | 21 |
| Typical Floor Size | 23,810 SF |
| Year Built | 2006 |
| Lot Size | 1.65 AC |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | AC-3A/T/HP - High-density downtown business district |
AMENITIES
- Banking
- Bus Line
- Commuter Rail
- Courtyard
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Kitchen
1 UNIT AVAILABLE
Unit 1830-50 S
| Unit Size | 6,445 SF | Sale Type | Investment |
| Price | $2,292,968 | Cap Rate | 7.50% |
| Price Per SF | $355.77 | NOI | $171,973 |
| Condo Use | Office | APN/Parcel ID | 26-22-29-7157-18-300 |
| Unit Size | 6,445 SF |
| Price | $2,292,968 |
| Price Per SF | $355.77 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $171,973 |
| APN/Parcel ID | 26-22-29-7157-18-300 |
DESCRIPTION
Fully leased - Absolute NNN Lease
Long-term lease through 2031 with 3% annual rent increases
Two (2) additional 5-year renewal options
High-end build-out with glass-line offices, executive boardroom, and reception
Impressive floor-to-ceiling views of Downtown Orlando
24/7 access, security, covered parking, and direct access to restaurants and retail within The Plaza
Convenient access to I-4 Corridor, Florida Turnpike, and Florida’s 429, 417, 528, 414, and 408 Expressways.
Downtown Orlando is home to the Dr. Phillips Performing Arts Center, Amway Center, Orlando Lions Soccer Stadium, and Camping World Stadium.
SALE NOTES
Premium Office Condo Investment – Fully Leased
The Plaza, Downtown Orlando
Gandhi Commercial is proud to present a great opportunity to acquire 6,445 SF of Class A office condos located on the 18th floor of The Plaza South Tower, one of Downtown Orlando’s most iconic mixed-use high-rises.
Positioned directly along South Orange Avenue, the property offers great visibility and immediate access to Orlando’s central business district.
This fully stabilized investment comprises Suite 1830 and Suite 1850, featuring long-term occupancy and consistent 3% annual rent escalations.
Downtown Orlando is home to the Dr. Phillips Performing Arts Center, Amway Center, Orlando Lions Soccer Stadium, and Camping World Stadium.
Convenient access to I-4 Corridor, Florida Turnpike, and Florida’s 429, 417, 528, 414, and 408 Expressways.
24/7 access, security, parking, and direct access to restaurants and retail within The Plaza.
Don't miss out on the chance to secure a prominent position in the Orlando commercial real estate market with this exceptional Office / Office Building.
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NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Aimark |
-
|
September 2023
|
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121-189 S Orange Ave - The Chase Plaza
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