Class A Flex Office
12001 Science Dr Orlando, FL 32826
12001 Science Dr, Orlando, FL, 32826
$11,500,000
For Sale
$11,500,000
Class A, four-tenant flex office property leased 100% on a passive NNN structure with a roof replacement completed in 2026.
Property Size55,609 SF
Price / SF$206.80
Days on Market71
Property Features for 12001 Science Dr
General Information
- Standard status
- Active
- Size
- 55,609 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agency
Marcus & Millichap | Indianapolis
(317) 218-5366
Listed by
Julia Evinger · License #License(s): IN: RB14040143
(317) 218-5366
Source
Marcusmillichap
Added: May 14 Updated: Jul 22 at 1:16PM Checked: Jul 22 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Indianapolis
Investment Insights
Based on property information with market context.
12001 Science Drive is a Class A flex office property configured as a four-tenant building and currently 100% occupied. The offering is structured with a passive NNN lease approach, including reimbursement of management fees, and includes recent capital improvements such as a new roof completed in 2026. In-place lease terms include 3% annual rent escalations and weighted-average lease terms of 4.11 years (area) and 4.09 years (rent).
The property is directly adjacent to the Central Florida Research Park, a hub for defense, simulation, and advanced training industries. It is also positioned near UCF, supporting access to labor and continued demand from mission-critical industries located within the research park. Tenants include Katmai, MicroHealth, Security 101, and DaVita (NYSE: DVA), with the tenant mix described as spanning defense, healthcare, security, and government services.
For investors seeking current income durability, the property’s in-place base rents are described as approximately 30% below the submarket average, with reimbursement of OpEx built into the passive NNN structure.
The property is directly adjacent to the Central Florida Research Park, a hub for defense, simulation, and advanced training industries. It is also positioned near UCF, supporting access to labor and continued demand from mission-critical industries located within the research park. Tenants include Katmai, MicroHealth, Security 101, and DaVita (NYSE: DVA), with the tenant mix described as spanning defense, healthcare, security, and government services.
For investors seeking current income durability, the property’s in-place base rents are described as approximately 30% below the submarket average, with reimbursement of OpEx built into the passive NNN structure.
Key Highlights
- 55,609 SF, Class A flex office built in 1999 with 4 tenants and 100% occupancy
- Passive NNN lease structure with 3% annual rent escalations and 4.11‑year WALE (area) / 4.09‑year WALE (rent)
- In‑place rents of $16.24 NNN plus $6.52 SF in OpEx; reimbursement of management fees noted
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.67M | $30.00 |
| − Vacancy | −$283.6k | −$5.10 |
| EGI | $1.38M | $24.90 |
| − OpEx | −$346.2k | −$6.23 |
| NOI | $1.04M | $18.67 |
55,609 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.84M
$12.98M – $17.31M
NOI $1,038,498 @ 7.0% cap · market cap 9.03%
Second Best
Industrial
$4.44M
$3.88M – $5.18M
NOI $310,646 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$17.91M
$15.67M – $20.90M
NOI $1,253,952 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Katmai Government Services ...
General Contractor
Security 101 - Orlando
Security Service
DaVita Alafaya Dialysis
Medical Clinic
University Science Center ...
College
Technologies To Be Inc
Tech Support Center
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Class A, four-tenant flex office property leased 100% on a passive NNN structure with a roof replacement completed in 2026.
Where is this flex space located?
The property is located at 12001 Science Dr Orlando, FL.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 55,609 SF, Class A flex office built in 1999 with 4 tenants and 100% occupancy; Passive NNN lease structure with 3% annual rent escalations and 4.11‑year WALE (area) / 4.09‑year WALE (rent); In‑place rents of $16.24 NNN plus $6.52 SF in OpEx; reimbursement of management fees noted
