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927 Fern St 106,178 SF Vacant Flex Building Altamonte Springs, FL 32701 $9,500,000 ($89.47/SF) 4.59% Cap Rate
Investment Highlights
- Portfolio Size: 106,178 SF
- 1st Floor Industrial: 72,732 SF
- Number of Tenants: 6
- Total Acres: ±5.6
- 2nd Floor Professional Office: 33,446 SF
- In-Place NOI: 435,941
Executive Summary
Lee & Associates Central Florida is pleased to present the exceptional opportunity to acquire 927 Fern St., Altamonte Springs, FL 32701, a ±106,178 SF industrial/office facility strategically positioned in the heart of one of Seminole County’s most established commercial corridors. Situated with excellent access to major thoroughfares, including S.R. 436, I-4, and S.R. 434, the property provides regional connectivity for logistics, office operations, and service-based users.
Offered as an owner user or heavy value-add / opportunistic investment, the asset represents a chance to acquire a sizable, functional building in the Altamonte Springs submarket at a basis approximately 50% below stabilized investment sale comparables. With current occupancy at ±46%, the project delivers immediate upside potential through thoughtful lease-up, repositioning, or redevelopment strategies tailored to the submarket’s strong tenant demand.
This offering presents users and investors with a compelling opportunity to secure a considerable, versatile asset at an attractive price point in one of Central Florida’s most resilient and high performing suburban markets.
Offered as an owner user or heavy value-add / opportunistic investment, the asset represents a chance to acquire a sizable, functional building in the Altamonte Springs submarket at a basis approximately 50% below stabilized investment sale comparables. With current occupancy at ±46%, the project delivers immediate upside potential through thoughtful lease-up, repositioning, or redevelopment strategies tailored to the submarket’s strong tenant demand.
This offering presents users and investors with a compelling opportunity to secure a considerable, versatile asset at an attractive price point in one of Central Florida’s most resilient and high performing suburban markets.
Property Facts
| Price | $9,500,000 | Rentable Building Area | 106,178 SF |
| Price Per SF | $89.47 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1973 |
| Cap Rate | 4.59% | Parking Ratio | 2.5/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 15’ |
| Property Subtype | Light Manufacturing | No. Dock-High Doors/Loading | 7 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 5.59 AC | ||
| Zoning | MOI1 - Zoning: MOI-1 (allows industrial, office and warehouse uses) | ||
| Price | $9,500,000 |
| Price Per SF | $89.47 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.59% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 5.59 AC |
| Rentable Building Area | 106,178 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.5/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | MOI1 - Zoning: MOI-1 (allows industrial, office and warehouse uses) |
Amenities
- Storage Space
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating - Electric
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- D4D Exhibits
- Transportation and Warehousing
- -
- -
- Triple Net
- -
- Vintage Ironworks LLC and Vintage Iron Doors
- Services
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| D4D Exhibits | Transportation and Warehousing | - | - | Triple Net | - | |
| Vintage Ironworks LLC and Vintage Iron Doors | Services | - | - | Triple Net | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-21-29-5BD-0900-0010 | Improvements Assessment | $3,034,329 |
| Land Assessment | $1,302,856 | Total Assessment | $4,337,185 |
Property Taxes
Parcel Number
12-21-29-5BD-0900-0010
Land Assessment
$1,302,856
Improvements Assessment
$3,034,329
Total Assessment
$4,337,185
Contacts
-
Brock Holston -
Brady Benton -
Ryan Griffith -
Chris Griffith -
Lee & Associates Central Florida
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