Lake Underhill Business Center - LoopNet

For Sale

Lake Underhill Business Center

Lake Underhill Business Center

11489 - 11561 Lake Underhill Road Orlando, Florida 32825

For more information: Tom R. Kelley II, CCIM

+1 407 949 0715 ? tkelley@

12.05.19

The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Unless otherwise noted, the property is being offered as-is, where is, with all faults.

Sale Price: $4,695,000

1800 Pembrook Drive, Suite 350 Orlando, Florida 32810 +1 407 875 9989

Lake Underhill Business Center 11489 - 11561 Lake Underhill Road Orlando, Florida 32825

For Sale

Lake Underhill

Property Features

Business Center

? Two Class A single-story office buildings totaling 34,980? SF on 3.11? acres

? Good mix of Tenants

? 12 units ranging from 1,600? SF to 8,500? SF

? Tilt wall construction; built in 2003 and 2004

? Both buildings are sprinklered

? Zoning: Office (P-D)

? Ample parking: 165 spaces (5/1,000 SF)

? New landscaping and updated courtyard between the buildings

? Utilities: Electric: Duke Energy Water & sewer: Orange County

? Near the University of Central Florida and Research Park

? Great location close to Alafaya Trail and SR 408 (East-West)

? Easy access to Dean Road, Rouse Road, Colonial Drive and SR 417 (GreeneWay)

? Across the street from Legacy Middle School and Lockheed Martin

? Only 1.5 miles from Waterford Lakes Town Center

? Close to Valencia College East Campus

Building 1

Building 2

Lake Underhill Business Center 11489 - 11561 Lake Underhill Road Orlando, Florida 32825

For Sale

Lake Underhill

Proforma - 2020

Business Center

Conference Room

Gross Revenue

Tenants

Potential Gross Income (2020) Operating Expenses

Real Estate Taxes Utilities Maintenance/Repairs Insurance Total Operating Expenses

$512,224

40,929 8,508

29,346 15,000 $92,854

Building 1

Suite

SF

11489 2,600

11495 1,600

11501 8,500

11513 2,100

11519 2,100

Tenant Tadlock Roofing Valle Law Firm Future Tenant THS Sublease Family Home Health Sublease

Net Operating Income

46 Lake Dora

LAKE CO. ORANGE CO.

$418,441

TOLL

46

429

Building 2 Lake Monroe

11531 San2f,o1rd00

11537

1,9019072

LeeSEVMOIRNLOULSoEIACgCOO.e. rs415Agency Future Tenant

46

11543 2,100 Ability Health Care Services North

Wekiva River

Kelly Park Rd.

TOLL

429

441

Ponkan Rd.

TOLL TOLL

429 414

Apopka

TOLL

451

C.R. 435 Rock Springs Rd.

SEMINOROLAENGCEO.CO.

11547 Lake Mary Blvd. 2,100 Summit Chiropractic, LLC

Lake

11549 2,100TOLL Lazen Power Engineering

Harney

417

4

11555

4,200

My

Gym Lake Jesup

419

115619172 2,100 Class Act Studios

46

434

Altamonte

Springs

Winter Springs 434

Tuskawilla Rd. Alafaya

Tr.

Lake Apopka

Winter Garden

438 50

Johns Lake

TOLL

429

TOLL

414

Edgewater Dr.

Maitland

441

Lee Rd.

Hiawassee Rd.

TOLL

429 438 Silver Star Rd.

50

Colonial Dr.

TOLL

408

Kirkman Rd.

Lake Down

Lake Butler

VALENCIA COLLEGE

435

423

Red Bug Lake Rd.

Blvd.

Lake

436

Maitland

Winter Park

Aloma Ave.. University Blvd.

Oviedo

426

SEMINOLE CO. ORANGE CO.

Dean Rd.

C.R. 419

Mills Ave.

Orlando Executive Airport

Downtown Orlando

Little Lake Conway

434

551

50

VALENCIA COLLEGE

TOLL

408

Curry Ford Rd.

TOLL

417

Lake Underhill Business Center

John Young Pkwy. Orange Ave. Conway Rd. Semoran Blvd. Goldenrod Rd.

ICP Blvd. Dallas Blvd.

Winter G a

rden-Vineland Rd.

Lake Tibet

Orange County Convention Center

Sand Lake Rd.

TOLL

528

Lake Conway

TOLL

528

Apopka-Vineland Rd. Boggy Creek Rd.

535

TOLL

429

4

Tradeport

441

Rd.

17 92

Orlando

15

International Airport

Lake Nona

Lake Nona

Blvd.

Moss Park Rd.

Lake

TOLL

Hart

417

Lake Underhill Business Center 11489 - 11561 Lake Underhill Road Orlando, Florida 32825

For Sale

Lake Underhill Business Center

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