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Mel Laurn Square 639 N Pine Hills Rd
20,160 SF 100% Leased Retail Building Orlando, FL 32808 $4,749,000 ($236/SF) 7.44% Cap Rate
INVESTMENT HIGHLIGHTS
- BUILDING HAVE BEEN MAINTAINED PROFESSIONLY, EVERYTHING HAS BEEN UPDATED, THE PARKING LOT, LIGHTING, ETC
EXECUTIVE SUMMARY
This property is leased to church, Barbershop, daycare and retail. Tenant are willing to sign 3-5 years more lease with renewal options and escalate 5%.
Lots of parking is available. Great visibility and 479 feet of frontage on N. Pine Hills Rd.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$353,462,000
|
$17,532.84
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $353,462,000 |
| Annual Per SF | $17,532.84 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Botnaica San Miguel
- Retailer
- 3,020 SF
- -
- Triple Net
- -
- Cathederal of Praise International
- Services
- 9,320 SF
- -
- Triple Net
- -
-
- Educational Services
- 6,260 SF
- -
- Triple Net
- Oct 2015
SHIP PREPARATORY ACADEMY is committed to providing an education of excellence that meets each student's interests, abilities and needs within a common curricular framework and reflects and promotes an understanding of, and, appreciation for, diversity in the community as an integral part of school life.
Locally owned modern styles barber shop in Orlando, FL.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Botnaica San Miguel | Retailer | 3,020 SF | - | Triple Net | - | |
| Cathederal of Praise International | Services | 9,320 SF | - | Triple Net | - | |
|
|
Educational Services | 6,260 SF | - | Triple Net | Oct 2015 | |
| Trendy Cuts & Styles Salon | Services | 1,560 SF | - | Triple Net | Feb 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30-2229-7788-00-180 | Improvements Assessment | $1,950,037 (2024) |
| Land Assessment | $345,039 (2024) | Total Assessment | $2,295,076 (2024) |
PROPERTY TAXES
Presented by
Fortune Realty of Clermont
Mel Laurn Square | 639 N Pine Hills Rd
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