1021 W Fairbanks Ave

5,650 SF Retail Building Winter Park, FL 32789 $2,419,839 CAD ($428.29 CAD/SF) 5.30% Cap Rate

EXECUTIVE SUMMARY

12,656 sq ft (+/-) Land area | 0.29 acres (+/-)
5,676 sq ft improvements
Zoned C- 1
The property is a freestanding flex building located at 1021 West Fairbanks Avenue in Winter Park, Florida. Totals approximately 5,676 square feet on 0.29 acres. The reinforced concrete constructed asset was delivered in 1925 and features numerous UN use specific improvements including a compounding lab. The asset maintains 14 parking spaces, a coveted amenity in the dense Winter Park Market and was within walking distance to several residential zones. New roof 2025. lot size 50 X 245
The current tenant is Taylor's Pharmacy, who has a lease paying $7,500 per month triple net that expires in June of 2025. They are negotiating a one-year extension at $8,000 per month triple net. The tenant leases “As is” the tenant pays respective vendors directly for all operating expenses, including but not limited to, real estate taxes, building insurance, interior and exterior maintenance, utilities, and any other cost incurred by the use of the premises. The tenant pays its own cost and expense to keep and maintain all parts of the premises, including windows, glass doors, interior, exterior, Walls, floors, interior, HVAC ,plumbing, roof and parking lot. The tenant is responsible for all capital replacements, including AC roof, four outer walls and parking lot. The present tenant uses the building as a certified sterile and non sterile compounding site and rooms that meet USP 795, USP 797, and USP 800 standards for the compounding industry. For further information :Michael O'Shaughnessy CCIM 407-539-4844 44@michaeloshaughnessy.com

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $128,453 $22.74

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,650 SF
Building Class
C
Year Built
1925
Price
$2,419,839 CAD
Price Per SF
$428.29 CAD
Cap Rate
5.30%
NOI
$128,251 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.29 AC
Zoning
C3, City - C-1
Parking
14 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
48’ on Fairbanks Ave

AMENITIES

  • 24 Hour Access
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Florida Discount Drugs, Inc.
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Florida Discount Drugs, Inc. - - - -
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (71)

NEARBY MAJOR RETAILERS

Club Pilates
Trustco Bank
First Horizon Bank
PNC Bank
PDQ Chicken
keke's Breakfast Cafe
Regions Bank
United Community Bank
Southstate Bank
First Citizens Bank

PROPERTY TAXES

  • Listing ID: 35127336

  • Date on Market: 2025-03-13

  • Last Updated:

  • Address: 1021 W Fairbanks Ave, Winter Park, FL 32789