 |
| Mercantile Bank Plaza, 1560 North Orange Avenue, Winter Park, FL |
WINTER PARK, FL -- CBRE,
Inc. is the exclusive marketing broker for 1560 N. Orange Ave; a Class-A, seven
story, multi-tenant office building located in Winter Park, Florida. Excellent
access and visibility, strong occupancy and high quality nearby amenities make
1560 Orange an excellent investment that does not come available often.
Property
Snapshot
Rentable Area 102,651 sq.
ft.
Occupancy 91%
Land Size ±4.74 Acres
(±206,651 SF) on main parcel plus
±0.64 Acres (± 27,878 SF)
on parking lot across Orange Avenue
±5.38 Acres TOTAL
Year Built 1971
No. of Stories Seven
Parking 234 Surface Spaces
on-site, plus 60 in the lot across Orange Avenue
Submarket Winter Park
 |
| Ron Rogg |
Investment Highlights
+ NOI projected to grow 66% over the next ten
years
+
Winter Park office vacancy rate is only 10.78% as of 2Q 2015 (Class A
vacancy is 4.36%)
+ In-place
rents are below market
+
Strong in-place income from credit tenants
+ Additional
development potential: medical, office, retail, residential
+
Superior location and visibility on a hard corner, offering more than
1,100 linear feet frontage on 17/92 and Orange Avenue
+ Minutes away from Orlando's CBD, Florida
Hospital, Park Avenue and Rollins College
+
Amenities include an on-site fitness center and ATM
+
Located at signalized intersection
+ Rare
opportunity to purchase a well-established office property in one of Orlando’s
most exclusive submarkets
For a complete
copy of the company’s news release, please contact:
Ronald J. Rogg, CCIM
Executive Vice President
+1 407 839 3194
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