2588 CONNECTION POINT
Oviedo, FL 32765

All four (4) units sold as a package:Unit 1102: 687sf office;Unit 1110: 687sf office warehouse (367sf office / 320sf warehouse) $14/sf month to month ($9,625/yr);Unit 1126: 1,375sf office warehouse (275sf office / 1,100sf warehouse);Unit 1138: 1,375sf office warehouse (275sf office / 1,100sf warehouse);Unit 1102, 1126 and 1138 leased to the same tenant for over 12 years. $11.40/sf Initial Term expires March 2024 - lease rate to be renegotiated at end of Initial Term (current market rate is $15/sf - $16/sf modified gross). Tenant desires to stay.....may be able to renegotiate lease prior to property purchase;Unit 1110 is currently leased month to month - great for possible owner user purchase!All 4 units leased for $48,800 in 2022, with cap rate approx. 5.25%. If the 3 units leased to same tenant are renegotiated to $15/sf market rate, annual income jumps to $61,180 (approx. 7.9% cap rate).12' roll up doors, 22ft max ceiling height.All units are completely under air.2021 ANNUAL EXPENSES FOR THIS BUILDING$3,251.00 RE Taxes$1,050.00 Building Insurance$1,080.00 Dumpster$240.00 Electric$1,500.00 Landscaping$700.00 Water