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3201 Budinger Ave 14,200 SF Office Building Saint Cloud, FL 34769 $4,850,000 ($341.55/SF) 6.73% Cap Rate
INVESTMENT HIGHLIGHTS
- 6.73% Cap Rate NNN Investment
- Blue Heart Behavioral Services for Kids / Imagineers Academy occupies the entire building on a NNN lease and has 8.5 years of term left
- Positioned 1.5 miles from Florida’s Turnpike access, & surrounded by over 20,000 new housing units slated for development within a 4 mile radius
EXECUTIVE SUMMARY
Strategically positioned 1.5 miles from Florida’s Turnpike access, and surrounded by over 20,000 new housing units slated for development within a 4 mi. radius
Blue Heart Behavioral Services for Kids / Imagineers Academy occupies the entire building on a NNN lease and has 8.5 years of term left with one 9% followed by seven 3% annual increases
Recent capital improvements include: three new HVAC systems (2025), exterior fully re-painted (2024) and roof re-sealed (2024)
Landlord responsibilities: parking lot, foundation, plumbing and electrical not within the building, roof and exterior walls
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- Triple Net
- Apr 2034
Blue Heart's mission is to provide a systematic approach and well-structured program based on the science of learning and behavior. With this program, their clients will increase desire and helpful behaviors and will decrease habits that are harmful or could affect their learning abilities. To ensure functionality and skill development throughout their lives, their goal is to empower the child to live a more independent and fulfilling life at home and in school. Their fundamentals are base to reach the children as well as their nuclear family to achieve quality of life.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | - | Triple Net | Apr 2034 |
PROPERTY TAXES
| Parcel Number | 15-26-30-0702-0001-0140 | Improvements Assessment | $2,216,100 |
| Land Assessment | $841,600 | Total Assessment | $3,057,700 |
PROPERTY TAXES
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3201 Budinger Ave
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