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121-189 S Orange Ave
Orlando, FL 32801 Arts District

$2,292,968 USD

Office Residential Condo For Sale  •  6,445 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 500,000 SF
  • Lot Size 1.65 AC
  • Building Class A
  • Year Built 2006
  • Cap Rate 7.50 %
  • Tenancy Multiple
  • Zoning AC-3A/T/HP
69 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
18th Floor - Unit 1830-50 S Office 6,445 SF $2,292,968 USD
  • Unit Size: 6,445 SF
  • Condo Use: Office
  • Price: $2,292,968 USD
  • Sale Type: Investment
  • Price/SF: $355.77 USD
Description
Fully leased - Absolute NNN Lease

Long-term lease through 2031 with 3% annual rent increases

Two (2) additional 5-year renewal options

High-end build-out with glass-line offices, executive boardroom, and reception

Impressive floor-to-ceiling views of Downtown Orlando

24/7 access, security, covered parking, and direct access to restaurants and retail within The Plaza

Convenient access to I-4 Corridor, Florida Turnpike, and Florida’s 429, 417, 528, 414, and 408 Expressways.

Downtown Orlando is home to the Dr. Phillips Performing Arts Center, Amway Center, Orlando Lions Soccer Stadium, and Camping World Stadium.

Sale Notes
Premium Office Condo Investment – Fully Leased
The Plaza, Downtown Orlando

Gandhi Commercial is proud to present a great opportunity to acquire 6,445 SF of Class A office condos located on the 18th floor of The Plaza South Tower, one of Downtown Orlando’s most iconic mixed-use high-rises. 

Positioned directly along South Orange Avenue, the property offers great visibility and immediate access to Orlando’s central business district.

This fully stabilized investment comprises Suite 1830 and Suite 1850, featuring long-term occupancy and consistent 3% annual rent escalations.

Downtown Orlando is home to the Dr. Phillips Performing Arts Center, Amway Center, Orlando Lions Soccer Stadium, and Camping World Stadium.

Convenient access to I-4 Corridor, Florida Turnpike, and Florida’s 429, 417, 528, 414, and 408 Expressways.

24/7 access, security, parking, and direct access to restaurants and retail within The Plaza. 

Don't miss out on the chance to secure a prominent position in the Orlando commercial real estate market with this exceptional Office / Office Building.

Highlights

Fully leased - Absolute NNN Lease
Long-term lease through 2031 with 3% annual rent increases
Two (2) additional 5-year renewal options
High-end build-out with glass-line offices, executive boardroom, and reception
Impressive floor-to-ceiling views of Downtown Orlando

Financial Summary

Cap Rate: 7.50 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Acrisure Mortgage
Aimark 9/29/2023
Baker Barrios Architects
Chase Bank
Goliath Ventures, Inc.
Iron Galaxy
Martin Aquatic Design & Engineering
Noble International, LLC
Your Office USA

Amenities

  • Banking
  • Bus Line
  • Commuter Rail
  • Courtyard
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Church Street (SunRail - Florida Department of Transportation) 1 min 5 min 0.3 mi
Lynx Central (SunRail - Florida Department of Transportation) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Orlando International 20 min - 12.1 mi
Orlando Sanford International 36 min - 27.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Sunny Gandhi 321-945-4477 Keller Williams at the Parks Realty
Sunny Gandhi 321-945-4477 Keller Williams at the Parks Realty