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Cardinal Point at Lake Ellenor 5900 Lake Ellenor Dr
132,991 SF 59% Leased 4-Star Office Building Orlando, FL 32809 For Sale
Investment Highlights
- Cardinal Point at Lake Ellenor presents an eight-story, 132,991-SF office building with waterfront views and modern finishes in Orlando’s CBD.
- Property features include a refurbished lobby, a state-of-the-art electronic directory, spacious conference rooms, ample parking, and outdoor seating.
- Conveniently located in Orlando Central Park, one of the most connected areas in the region, with access to highway, air, rail, and sea transport.
- Benefit from Orlando’s dynamic economy, deep and highly educated talent pool, and proximity to significant population centers.
Executive Summary
5900 Lake Ellenor Drive sits south of Downtown Orlando in Orlando Central Park, home to the corporate offices of AT&T, Publix, Lockheed Martin, Walgreens, and Office Depot. This highly connected area enjoys easy access to Interstate 4, the Florida Turnpike, 408 East-West Expressway, and Beachline Expressway. Additionally, the CSX Intermodal Terminal lies approximately six miles south of the property, and the Orlando International Airport, which welcomed about 50 million passengers last year, lies about 10 miles south. Port Canaveral, which received nearly 4 million passengers and 5.4 million tons of bulk cargo last year, sits approximately one hour to the east.
The Orlando Market boasts one of the most dynamic economies in the Southeast, driven by continuous population growth and rapid in-migration. The economy benefits from its growing roster of tech and fintech tenants, an established and expanding defense sector, and proximity to world-renowned theme parks. The steady migration of highly educated professionals to Central Florida further strengthens the local community and enriches the available skilled labor pool. Due to its connectivity, significant population centers, and qualified labor pool, WalletHub named Orlando among the top 10 cities in the US in which to start a business in 2023. The continued drive and demand for office space in Orlando offers the ideal opportunity to the discerning investor, and Cardinal Point at Lake Ellenor delivers on all fronts.
Sale Flyer
Property Facts
Amenities
- Bus Line
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Security System
- Signage
- Waterfront
- Accent Lighting
- Fully Carpeted
- Natural Light
- Open-Plan
- Partitioned Offices
- Reception
- Wi-Fi
- Monument Signage
- Outdoor Seating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Move in ready spec suite available with views of Lake Ellenor
Move in ready floor available.
Fully built out full floor available.
- 6th Floor
- 16,766 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 220 | 3,894 SF | Office | - | Now |
| 4th Floor | 16,766 SF | Office | Partial Build-Out | Now |
| 5th Floor | 16,766 SF | Office | Partial Build-Out | Now |
| 6th Floor | 16,766 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 220
| Size |
| 3,894 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Floor
| Size |
| 16,766 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 16,766 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
6th Floor
| Size |
| 16,766 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size | 3,894 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Move in ready spec suite available with views of Lake Ellenor
4th Floor
| Size | 16,766 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Move in ready floor available.
5th Floor
| Size | 16,766 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Fully built out full floor available.
About Orlando Central Park
Orlando Central Park is a suburban area of Orlando, less than 10 miles south of downtown Orlando and just west of Orlando International Airport. The area is one of the most connected in the Orlando region, enjoying access to the airport, a CSX Intermodal Terminal, and is located near the intersection of Interstate 4 and the Florida Turnpike. Orlando Central Park can also reach Port Canaveral within a one-hour drive.
The area has a good mix of office, retail, and industrial tenants. This diversity is reflected in the companies and sectors that have a presence here, including corporate offices of AT&T, Aldi, and Publix.
The Orlando skyline is visible from most of the local area, but towers are a rarity here. Offices are commonly two to five stories, with a few extending to seven or eight. The area is home to many business parks like Lakefront and Millenia Lakes.
Office stock skews slightly to the older side in the area, which has lacked new development over the past decade. Accordingly, office asking rents here tend to reflect a discount compared to the Orlando market average. However, landlords are comfortable pushing rent growth due to the region's office occupier demand. This helps drive higher yields for office investors through asset appreciation.
DEMOGRAPHICS
Demographics
Nearby Amenities
Hotels |
|
|---|---|
| Fairfield Inn |
109 rooms
7 min drive
|
| Hilton Garden Inn |
132 rooms
9 min drive
|
| Holiday Inn Express |
92 rooms
9 min drive
|
| Hyatt House |
168 rooms
11 min drive
|
PROPERTY TAXES
| Parcel Number | 29-2322-6348-01-000 | Improvements Assessment | $9,543,164 |
| Land Assessment | $3,023,335 | Total Assessment | $12,566,499 |
PROPERTY TAXES
Sale Advisor
Sale Advisor
David Moskovitz, Director of Leasing & Brokerage
Presented by
Cardinal Point at Lake Ellenor | 5900 Lake Ellenor Dr
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