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850 Altamonte 850 E Altamonte Dr 98,204 SF 100% Leased Office Building Altamonte Springs, FL 32701 $15,690,000 ($159.77/SF) 11% Cap Rate
INVESTMENT HIGHLIGHTS
- Hands free oversight of a highlight qualified tenant
- Stable cash flow - excellent returns
- Ideal employer for this trade area
- Convenient site plan, access, and parking
EXECUTIVE SUMMARY
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire 850 Altamonte (the “Property”), a ±98,204 square foot, seven-story office property that is 100% occupied by IntouchCX on a NNN lease. Strategically located on a generous +/-8.79 acre site in Altamonte Springs, Florida between two major highways, and a short walk from a station for the commuter train SunRail, the generously sized site is easily accessible and highly visible.
IntouchCX is a global contact management leader that serves the world’s top corporations and has the capacity to employ 1,000 crewmembers from this location. The Property is across from Altamonte Springs City Hall in the city centre, surrounded by restaurants, apartments, residential neighborhoods, and other amenities. This Property offers investors a significant opportunity to enjoy stabilized, reliable income from an institutional-quality occupant, with at a generous return, and the potential to densify the site in the future.
IntouchCX is a global contact management leader that serves the world’s top corporations and has the capacity to employ 1,000 crewmembers from this location. The Property is across from Altamonte Springs City Hall in the city centre, surrounded by restaurants, apartments, residential neighborhoods, and other amenities. This Property offers investors a significant opportunity to enjoy stabilized, reliable income from an institutional-quality occupant, with at a generous return, and the potential to densify the site in the future.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
98,204 SF
Building Class
B
Year Built
1976
Price
$15,690,000
Price Per SF
$159.77
Cap Rate
11%
NOI
$1,725,900
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
14,029 SF
Slab To Slab
11’
Building FAR
0.26
Lot Size
8.79 AC
Zoning
MOR-2 - MOR2 Mixed Office Residential zoning district allows a wide range of uses in structures of up to seven stories.
Parking
552 Spaces (5.62 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
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PROPERTY TAXES
| Parcel Number | 12-21-29-5BE-0000-4350 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $17,016,896 |
PROPERTY TAXES
Parcel Number
12-21-29-5BE-0000-4350
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$17,016,896
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850 Altamonte | 850 E Altamonte Dr
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