1802 N Alafaya Trl
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1802 N Alafaya Trl
11,546 SF 100% Leased Office Building Orlando, FL 32826 $6,399,000 CAD ($554 CAD/SF) 9% Cap Rate
Investment Highlights
- Over 10% Cap rate, this property presents an exceptional investmet.
Executive Summary
Over 10% Cap rate, this property presents an exceptional investmet. This 50 offices real estate commercial property offering a unique opportunity to own and operate a thriving CoWorking space, furnished offices rental, and virtual office rentals. This well-maintained property boasts a 100% occupancy rate, guaranteeing a steady cash flow for the discerning investor.
The building has been remodeled in 2020 and the co-working space business existed in this building since 2005. New owners and management since 2020. Building is located in East Orlando, near Waterford mall, UCF, 20 min from downtown Orlando, 20 min from the airport, and plenty of Restaurants.
This property benefits from a high-demand market and a strong reputation within the industry. With a proven track record of success, the CoWorking space and furnished office rentals have established themselves as a preferred choice for professionals and entrepreneurs seeking a flexible working environment.
The property features state-of-the-art amenities, including modernized common areas, cutting-edge technology infrastructure, meeting rooms, a fully-equipped kitchen, and ample parking space. The CoWorking space offers a collaborative and vibrant atmosphere that fosters creativity and productivity, while the furnished offices provide a private and professional environment for individuals and teams.
In addition, the virtual office rentals cater to those seeking a prestigious business address without the need for physical office space. With mail and call handling services, these virtual offices provide a professional image and convenience for remote workers and small businesses.
At a over 10% Cap rate, this property presents an exceptional investment opportunity. The current business model is recession-proof, ensuring stability and long-term profitability. With a strong client base and recurring revenue streams, the potential for growth and expansion is significant.
Don't miss out on this turnkey solution that offers both passive income and the chance to actively engage in a dynamic and ever-growing industry. Whether you are an experienced investor or a newcomer to commercial real estate, this property represents a sound investment with guaranteed returns. Broker is part owner.
The building has been remodeled in 2020 and the co-working space business existed in this building since 2005. New owners and management since 2020. Building is located in East Orlando, near Waterford mall, UCF, 20 min from downtown Orlando, 20 min from the airport, and plenty of Restaurants.
This property benefits from a high-demand market and a strong reputation within the industry. With a proven track record of success, the CoWorking space and furnished office rentals have established themselves as a preferred choice for professionals and entrepreneurs seeking a flexible working environment.
The property features state-of-the-art amenities, including modernized common areas, cutting-edge technology infrastructure, meeting rooms, a fully-equipped kitchen, and ample parking space. The CoWorking space offers a collaborative and vibrant atmosphere that fosters creativity and productivity, while the furnished offices provide a private and professional environment for individuals and teams.
In addition, the virtual office rentals cater to those seeking a prestigious business address without the need for physical office space. With mail and call handling services, these virtual offices provide a professional image and convenience for remote workers and small businesses.
At a over 10% Cap rate, this property presents an exceptional investment opportunity. The current business model is recession-proof, ensuring stability and long-term profitability. With a strong client base and recurring revenue streams, the potential for growth and expansion is significant.
Don't miss out on this turnkey solution that offers both passive income and the chance to actively engage in a dynamic and ever-growing industry. Whether you are an experienced investor or a newcomer to commercial real estate, this property represents a sound investment with guaranteed returns. Broker is part owner.
Financial Summary (Actual - 2022) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2022) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
11,546 SF
Building Class
B
Year Built
2005
Price
$6,399,000 CAD
Price Per SF
$554 CAD
Cap Rate
9%
NOI
$575,910 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,546 SF
Building FAR
0.15
Lot Size
1.76 AC
Zoning
P-O - Commercial Office or Medical
Parking
56 Spaces (4.85 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Conferencing Facility
- Security System
- Signage
- Central Heating
- Fully Carpeted
- High Ceilings
- Natural Light
- Partitioned Offices
- Reception
- Secure Storage
- Drop Ceiling
- Monument Signage
- Air Conditioning
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
Parcel Number | 31-2215-5748-02-010 | Total Assessment | $3,040,902 CAD (2023) |
Land Assessment | $936,864 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $2,104,037 CAD (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
31-2215-5748-02-010
Land Assessment
$936,864 CAD (2023)
Improvements Assessment
$2,104,037 CAD (2023)
Total Assessment
$3,040,902 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
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Orlando Prime Realty LLC
1802 N Alafaya Trl
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