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2305 Edgewater Dr
Orlando, FL 32804 College Park

$11,220,000 USD

Apartments Condo For Sale  •  19,827 SF

Property Details

  • Property Type Apartments
  • Total Building Size 19,827 SF
  • Building Class B
  • Year Built 2007
  • Cap Rate 6.50 %
  • Zoning PD
40 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1st Floor Retail Retail 19,827 SF $11,220,000 USD
  • Unit Size: 19,827 SF
  • Condo Use: Retail
  • Price: $11,220,000 USD
  • Sale Type: Investment
  • Price/SF: $565.89 USD

Description

CBRE is proud to offer for sale The Wellesley, a 19,827 square foot, 95% leased and long established retail condominium in Orlando, Florida. Built in 2007, it is the ground floor retail component of the 7-story Wellesley Condominium project.

The property is located in the highly popular College Park neighborhood just North of Downtown Orlando. The College Park trade area is densely populated with high incomes. Due to its in-fill location in close proximity to Orlando, there has been a surge in both densification and gentrification leading to impressive increases in home values.

The Wellesley is located along Edgewater Drive between West Smith Street and Vassar Street, the most prominent location in College Park. Both intersections are fully signalized allowing for excellent automobile and foot access. The property also benefits from designated off-street garage parking combined with street parking.

The Wellesley provides the perfect mix of daily needs neighborhood retail and service providers. It is located in a highly-desirable neighborhood with positive momentum. Its ideal positioning, seasoned tenancy, solid income growth potential and at a major lighted intersection with abundant parking makes for a successful retail project.

Highlights

Exceptional Demographics
Impressive Trade Area
Truist Bank-Anchored Center
Assumable Loan at 3.59%
NNN Leases
Proven Retail Success
Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
AT&T Wireless
Beem Light Sauna
Catalina M Munoz
College Park Cleaners
J Michael Murphy
Milan Spa
M-Nails Salon
Noble Wireless
Realty Plus
Truist

Amenities

  • 24 Hour Access
  • Courtyard
  • Fitness Center
  • Microwave
  • Pool
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Carpet
  • Roof Terrace
  • Elevator
  • Grill

Public Transportation

Commuter RailDriveWalkDistance
Adventhealth (SunRail - Florida Department of Transportation) 2 min - 1.3 mi
Lynx Central (SunRail - Florida Department of Transportation) 5 min - 2.2 mi
AirportDriveWalkDistance
Orlando International 26 min - 15.1 mi
Orlando Sanford International 35 min - 23.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 98
Type: AttachedGarage
Included in Rent: Yes
Daniel Baker 407-808-5988 CBRE, Inc.
Daniel Baker 407-808-5988 CBRE, Inc.