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1059 Duck Box

24,000 SF 100% Leased Flex Building Umatilla, FL 32784 $3,760,000 ($157/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • Located in Umatilla, approximately 45 minutes northwest of Downtown Orlando
  • Features 18 foot ceilings, (10) 12' bay doors and 3 phase power
  • Offers potential for rent increases with built-in 3% annual rental increases

EXECUTIVE SUMMARY

Property consists of four multi-tenant flex buildings, 10 spaces fully leased located in Umatilla, FL. Each building is 6,000 sf and is situated just about 45 minutes northwest of Downtown Orlando. This class A property boasts 18 foot ceilings, 12' bay doors and 3 phase power, giving this asset endless future opportunities. Rents are modest, giving future ownership the ability to increase rents. Rent roll is available upon request, all leases have a built-in 3% annual increase.

PROPERTY FACTS

Price $3,760,000
Price Per SF $157
Sale Type Investment
Cap Rate 6%
Property Type Flex
Property Subtype
Light Manufacturing
  • Flex Research & Development
  • Flex Showroom
  • FlexLight Distribution
Building Class A
Lot Size 2.67 AC
Rentable Building Area 24,000 SF
No. Stories 1
Year Built 2024
Parking Ratio 2/1,000 SF
Clear Ceiling Height 18’
No. Dock-High Doors/Loading 10

AMENITIES

  • Fenced Lot
  • Monument Signage
  • Air Conditioning

UTILITIES

  • Lighting - Halogen
  • Water - Well
  • Sewer - Septic Field
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-18-26-0010-000-01100
Land Assessment
$195,457
Improvements Assessment
$1,948,229
Total Assessment
$2,143,686

ZONING

Zoning Code C3 (Zoned C3, the Office- Flex Warehouse Space Class A is perfect for investors seeking a fully leased multi-tenant flex space complex.)
C3 (Zoned C3, the Office- Flex Warehouse Space Class A is perfect for investors seeking a fully leased multi-tenant flex space complex.)
  • Listing ID: 34592862

  • Date on Market: 1/24/2025

  • Last Updated:

  • Address: 1059 Duck Box, Umatilla, FL 32784

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