27 Coburn Ave Orlando, FL 32805
- Office Properties & Spaces
- 16,826 SF
- 1.33 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 27 Coburn Ave
- Year built
- 1957
- Lot size
- 1.33 lot acres
- Property size
- 16,826 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 16,826 square foot, Class B office building in Orlando, Florida. Currently 100% occupied under a long-term, single-tenant lease with the Florida Department of Corrections, extending until October 31, 2031 (6.9 years remaining). The lease, executed in November 2022, guarantees stable and predictable cash flow. The property boasts a 7.25% cap rate and a Net Operating Income (NOI) of $209,801, with an asking price of $2,895,000 ($172.06/sq ft). Built in 1957 and extensively renovated in 2023 to meet the tenant's needs, the building sits on a 1.33-acre lot and includes 86 parking spaces (exceeding lease requirements). The property benefits from its prime location, two miles from Interstate-4 (201,000 vehicles daily), and its proximity to major attractions like Camping World Stadium and downtown Orlando. The seller is implementing ongoing LED lighting retrofits, resulting in future cost savings for the buyer. This fee-simple ownership offers a secure investment in a thriving Florida market, with a population exceeding 335,000 within a five-mile radius. The property's location in Orange County, Florida, at 27 Coburn Ave, Orlando, FL 32805, further enhances its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4086
- Latitude
- 28.543
