Traffic Control Devices 958 Explorer Cv 10,969 SF Flex Building Altamonte Springs, FL 32701 $2,319,000 ($211.41/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Industry Leading Operator with Strong Parent Company
- Strategic Location within Orlando MSA with Strong Demographics
- Stabilized Income and Long-Term Occupancy
- Recent Lease Extension | Mission Critical Location
- Long-Term Net Lease with Annual Rent Increases
EXECUTIVE SUMMARY
Northmarq is pleased to offer qualified investors the opportunity to acquire an industrial warehouse property in Altamonte Springs, FL, approximately 4 miles from the Traffic Control Devices (TCD) headquarters, within the Orlando MSA. The Property is leased to TCD, a leading provider of traffic management solutions. TCD is a subsidiary of Asplundh Tree Expert, a company with S&P BB+ credit and $5.7 billion in annual revenue for 2024.
The Property is backed by a long-term lease with 3% annual rent escalations and is strategically located within the Orlando MSA, it offers excellent access to major highways such as U.S. Highway 17 and Interstate 4.
In Association With Jason Long, FL Lic #BK3302956
The Property is backed by a long-term lease with 3% annual rent escalations and is strategically located within the Orlando MSA, it offers excellent access to major highways such as U.S. Highway 17 and Interstate 4.
In Association With Jason Long, FL Lic #BK3302956
PROPERTY FACTS Under Contract
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PROPERTY TAXES
| Parcel Number | 07-21-30-520-0000-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $796,635 |
