SOLD – Mount Dora – Commercial Condos – SF 18,000

Mount Dora Commercial SF 18,000

Mount Dora Commercial Front

Mount Dora Commercial Side

Mount Dora Commercial OM

Unfinished Flex Spaces, NNN & Full Service Lease Investment Opportunity Located in growing Mount Dora, approximately 45 minutes from Orlando, part of Orlando MSA

  • Flex Professional Offices:
  • Seven contiguous units in shell condition with concrete flooring – 3679-3703 Lake Center Dr, Mount Dorat FL (7 Units)
  • Kleinfelder NNN Investment – 3659 – 3675 Lake Center Drive, Mount Dorat FL (5 Units)
  • Advent Health FS Investment – 3707 – 3715 Lake Center Drive, Mount Dora, FL (3 Units)

The building in total has 15 units (18,000 SF), 5 units on the North are leased to Kleinfelder Engineering and 3 units on the South are leased to Advent Health. The middle 7 contiguous units are in shell condition with concrete flooring already in place.

All unfinished seven units (8,400 SF) have their own respective entrances. Depending on the client’s need, all units can be combined and leased to one tenant or individual units can be leased out to separate tenants. Presently, the units are used as storage, however, the highest and best use for units are to be leased as flex space(s). The approximate dimensions of units are as follow: Front: 17 FT, Max Ceiling Hight (Mid-point): 24.7 FT, Rear: 14 FT, Roll-up Door: 12.7 FT. (Buyers to verify all dimensions prior to closing).

The other Eight finished and leased commercial condominium suites total 9,600 SF in flex- medical office plaza. Units were built-to-suit for the existing corporate tenant, Kleinfelder Engineering and Advent Health. Kleinfelder’s lease expires in July 2024 with three, thirty-six-month renewal options, and Advent Health’s lease expires December 31st, 2023 with a sixty-month renew option. Professionally finished office suites in an outstanding location in this attractive business park with easy access to Mount Dora, Tavares, Advent-Waterman Hospital, and US 441. Steel frame building with stucco finishes. Covered Walkway. Ample parking.

The entire building is offered for sale in the following configurations:

  • Entire building including NNN Kleinfelder 5 units, unfinished 7 flex spaces, and Full Service 3 Advent Health units – $2,300,000
  • NNN Kleinfelder Engineering & Full-Service Advent Health lease Investment with an NOI of $144,837 – 9,600 SF (8 Units) – $1,670,000 – 8.67% CAP
  • NNN Kleinfelder Engineering lease with an NOI of $119,474 – 5,828 SF (5 Contiguous Units) – $1,220,000 at 9.79% CAP
  • Full-Service Advent Health lease with an NOI of $25,363 – 3,600 SF (3 Contiguous Units) – $450,000 at 5.64% CAP
  • Unfinished Flex in Shell with a concrete floor in place $630,000 – 8,400 SF – (7 units)