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