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400 W State Road 434

12,511 SF 40% Leased Office Building Oviedo, FL 32765 $4,535,904 CAD ($363 CAD/SF) 5.49% Cap Rate

Investment Highlights

  • 7/10 Mile East, from SR 417, along SR 434, Oviedo
  • Great local demographics, schools, and residential communities.
  • Plenty of parking with a parking ratio of 4.88 spots per 1,000 SF

Executive Summary

The property has 2 buildings with 12,511 SF of RBA. The free standing building at the roadway is 2,511 SF and has been occupied by the same tenant for 7 years. The building to its rear is houses 3 commercial office tenants, 4 possible units, and is 10,000 SF. The property is 100% leased. Suites 1016 and 1024 are occupied by a survey company and roofing contractor. Suites 1000 and 1008 went under lease on October 7, 2021 +/-, are undergoing buildout to support a new multiple location counselling tenant.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
12,511 SF
Building Class
B
Year Built
2007
Price
$4,535,904 CAD
Price Per SF
$363 CAD
Cap Rate
5.49%
NOI
$249,021 CAD
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,511 SF
Building FAR
0.12
Lot Size
2.31 AC
Zoning
C-1
Parking
65 Spaces (5.2 Spaces per 1,000 SF Leased)

Amenities

  • Signage

About 400 W State Road 434 , Oviedo, FL 32765

The property boasts a well manicured landscape, professionally appointed monument sign, and an easy in with a left turn lane for east bound traffic along SR 434. The buildings have a contemporary appeal, single floor, with bulk parking in the front (19 spots, including 2 each handicap) and rear (22 spots, including 1 each handicap) of the 12,511 SF complex of 2 buildings. There is parking fronting alogn the entry of the 10,000 SF building (total of 20 spots, including 1 each handicap), which runs north south behind the 2,511 SF (7 years +/-) office structure, which fronts the property and parallels SR 434. A pool contractor occupies the front building, a surveyor, roofing contractor, and counselling tenant complete the 10,000 SF building. State Road 417, part of the "beltway" around Orlando, is a short 7/10 mile west of the property. This makes for an easy connection for client's and staff for any commute to the property. The property is a short 15 minute ride north to I-4, a 30 minute ride to Orlando International Airport, 15-20 minutes to Orlando Sanford International Airport and 25 minutes to downtown Orlando, depending upon the time of day. Effectively, SR 417 makes this location a smart strategic office selection. Schools and top residential communities abound in the area of the property. Given the demographic strength of the area and that small business leaders traditionally desire their professional office to be near their home, you can count on plenty of these decision makers to live in the area of this property and likely targets for occupancy. Anyone desiring a satellite office on the periphery of Orlando would do well in selecting this property as a potential office. This property is uniquely positioned in its design, layout, and parking which makes it a good multi-tenant office investment asset.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Blue Haven Pools
  • -
  • 2,511 SF
  • -
  • -
  • Don King's Concrete Inc
  • -
  • 2,500 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Blue Haven Pools - 2,511 SF - -
Don King's Concrete Inc - 2,500 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 1016
  • 2,500 SF
  • Office
  • Full Build-Out
  • Now

Professionally finished, outstanding conference room, entry greeting station with 5 private offices, 1 "Bullpen", 1 Conference Room, 2 Bathrooms, finished ceiling (not drop ceiling panels), and a technology room.

  • 1st Fl-Ste 1024
  • 2,500 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 348
  • 2,511 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 1016 2,500 SF Office Full Build-Out Now
1st Fl-Ste 1024 2,500 SF Office Full Build-Out Now
1st Fl-Ste 348 2,511 SF Office Full Build-Out Now

1st Fl-Ste 1016

Size
2,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 1024

Size
2,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 348

Size
2,511 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 1016

Size 2,500 SF
Space Use Office
Condition Full Build-Out
Available Now

Professionally finished, outstanding conference room, entry greeting station with 5 private offices, 1 "Bullpen", 1 Conference Room, 2 Bathrooms, finished ceiling (not drop ceiling panels), and a technology room.

  • Listing ID: 15276649

  • Date on Market: 2019-02-25

  • Last Updated:

  • Address: 400 W State Road 434, Oviedo, FL 32765

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