927 Fern St Altamonte Springs, FL 32701

Property Details for 927 Fern St

Lot size

5.59 lot acres

Property size

106,178 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional Altamonte Springs industrial portfolio comprises three buildings totaling 106,178 square feet on a 5.59-acre lot. The property features a mix of flex, warehouse, and manufacturing space, currently 53% occupied, generating a strong net operating income (NOI) of $348,000 and a 3.48% cap rate. The asking price is $9,999,000, or $94.17 per square foot. Improvements include recent renovations, four dock-high doors, four grade-level overhead doors, and three-phase power. The property includes approximately 66,508 square feet of open office space, 25,670 square feet of warehouse space, and 14,000 square feet of manufacturing space. One long-term tenant, Vintage Ironworks, occupies 14,000 square feet. The site also offers significant potential for future expansion or development due to the inclusion of approximately 2.1 acres of vacant land, ideal for additional parking or future construction. Strategically located just off Ronald Reagan Boulevard, north of Altamonte Springs City Hall, this property provides easy access to major transportation arteries, including SR 436 (Semoran Boulevard), I-4, and SR 434. The property is zoned MOI-1 and has three separate APNs: 12-21-29-5BD-0900-0010, 12-21-29-5BD-0700-0010, 12-21-29-5BD-0800-0060, and 12-21-29-5BD-0800-0010. Available spaces are also suitable for lease. This presents a compelling opportunity for owner-users seeking significant upside potential in a prime Altamonte Springs location.

Location Insight

City

Altamonte Springs

County

Seminole

State

Florida

Longitude

-81.3589

Latitude

28.6746