431 N Kirkman
Closed431 N Kirkman, Orlando, FL 32811
$1,200,0001 units5,452 SF
Office1990
Property type
Office
Unit / Space count
1
Price
$1,200,000
Building size
5,452 sf
Rentable area
5,452 SF
Year built
1990
Year renovated
Property class
A
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$1200000
CAP
7.45%
Property description
Instant income generating investment property with 7.45% Cap Rate. Immediately begin collecting rent at a 3% annual increase. NNN Triple Net.
Property highlights
- 5,452 sf
- Sale Price: $1,280,671 ($234.89/SF)
- One-story Medical office building
- 0.83-acre lot
- Heavy traffic location on Lake Venus with frontage on busy Kirkman Road (ADT 73,000)
- Located conveniently off the 408 Exit ramp (ADT 67,500), just south of West Colonial’s Retail Corridor (ADT 42,500)
- Dense rooftops in all directions
- Synergies from neighboring medical office buildings
- Competitive, reasonable rents with long-term upside potential
- Occupied by an established medical practice
- PLEASE DO NOT DISTURB TENANTS!