Saturday, September 26, 2015

CBRE Lists Value-Add Office Investment Opportunity in Altamonte Springs, FL

North Lake Business Park, 370-774 South North Lake Boulevard, Altamonte Springs, FL

Ron Rogg
 ORLANDO, FL -- CBRE, as exclusive agent, is pleased to offer the North Lake Business Park (“The Property”) for sale in Altamonte Springs located within the North Orlando submarket.

The Property, at 370-774 S. North Lake Boulevard, consists of 15 single-story, office and flex buildings with a total of 270,555 rentable sq. ft. situated on approximately 28 acres alongside Interstate-4.

The Property’s combination of upside potential, loyal tenancy, and predictable cash flow while unencumbered with debt provides an exceptional opportunity in today’s low interest rate environment.

Superb visibility and surging leasing activity have contributed to a move toward stabilization of the property, while still providing significant upside potential.

Strong Orlando fundamentals, excellent demographics and a significant projected increase in construction related jobs will all contribute toward stabilization of the property, while benefitting from increasing rental rates and lower market vacancy.

 Its strategic location near the area’s largest employers and access to Interstate-4 provides unparalleled visibility, strong barriers to entry, and attracts a diversified tenant demand.

With Orlando’s job market leading the nation in growth, the North Lake Business Park is an exceptional value-add investment opportunity.

  For a complete copy of the company’s news release, please contact:

Ronald J. Rogg, CCIM
Executive Vice President
CBRE | Capital Markets
+1 407 839 3194

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