$2,525,000

5925 Precision Drive

ORLANDO FL, 32819

Description

HIGHLIGHTS 3-Miles Due North of Orlando Convention Center on Universal Blvd. Excellent regional access to Interstate 4, Floridas Turnpike, Sand Lake Road, John Young, Parkway, U.S. Highway 441 and State Road 528. Situated west of the confluence of one of the largest industrial sub-markets in Orlando. Demand drivers include Orlando Central Park (12.5 million SF of industrial space) to the east, Universal Studios and the International Drive corridor Abutting Universal's Brand New "Endless Summer Resort with 2,200, formerly "Wet & Wild" on International Drive. INVESTMENT SUMMARY The property consists of a manufacturing warehouse building totaling 17,905 SF of gross building area (GBA) located at 5925 Precision Dr., within the city limits of Orlando, Florida. The building was constructed in three phases between 1979 and the late 1980s and consists of concrete block and metal construction. The building comprises about 2,125 SF (11.9%) of office space and 15,780 SF (88.1%) of warehouse space. Exterior loading access from the warehousehaving a clear height of 11.5 feetconsists of two roll-up doors. The improvements are considered to be in average condition for their age. Situated on a single tax parcel totaling 1.55 acres, the improvements reflect a floor area ratio of 26.5%. The building is served by 44 parking spaces, indicating a parking ratio of 2.46 Per 1,000 SF of GBA. Overall, the floor area ratio and the parking ratio are consistent with the market for manufacturing warehouse buildings.

Details

MLS#O5805535
StyleIndustrial
Sub-TypeResale
StatusActive
Year1979
Days On Site90

Features

SQ Feet17,802
Story(s)1
ZoningAC-3/SP

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32819
Area32819 - Orlando/Bay Hill/Sand Lake
Listing VS Median (in 32819)
Price:
$2,525,000
low | high
Med:
$344,500
100% of Average
SqFt:
17,802
low | high
Med:
2,056
100% of Average
$ / SqFt:
$142
low | high
Med:
$170
29.894140167319% of Average
On Site:
90
low | high
Med:
49.5
100% of Average
Listing Updated: 11/11/2019
MLS Number: O5805535
Listing Provided By:
George Rosen  of  CONTANGO INVESTMENT INC

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