Srs Distribution
2400 Paseo Ave,
Orlando,
FL 32805
Long-Term Lease / Annual Rent Increases SRS Distribution recently executed a 10-year lease extension with 2.5% annual rent increases allowing a strong hedge against inflation. Strong Corporate Guarantor SRS Distribution is the fastest growing distributor of building products in the United States currently operating over 650 locations nationally. Below Market Rent SRS is currently paying below-market rent at $10.66/SF while average industrial rents in the SE Orange County Submarket for 1 to 3 Star facilities average at $12.42/SF, up 12.8% year over year, with an average time to lease rate of 3 months (Costar). The tenant maintains a Fair Market Option to renew the lease in their 2nd option period. Functional Industrial Property Built in 1984, this 14,500 Sq. Ft. warehouse sits on 1.10 Acres of land (30% building/lot coverage) and features 5 drive-in doors, and a clear height of 20. Strategic Orlando Location This property is conveniently located adjacent to the I-4, which is the major highway connecting Tampa through downtown Orlando, to Daytona, FL. Located within the SE Orange County Submarket of Orlando which boasts a low vacancy rate of 2.60% and positioned 1 mile south of downtown Orlando and 7 miles north of Orlando International Airport.
Contact
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Broker or Owner Contact
Brett
Davis
,
Phone:
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
| Property ID |
898 |
| Building Size |
14500 |
| Site Size (acres) |
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| Zoning |
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| Year Built |
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| Number of Drive-In Doors |
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| Number of Dock-In Doors |
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| Clearance Height |
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| Drive-in Doors |
no |
| Sprinklered |
no |
| Parking Ratio |
0 |
| Updated |
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| Number of Parking Spaces |
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| Parking |
no |
| HVAC |
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Pricing
| For Sale |
yes |
| Sale Price |
3335000 |
| For Lease |
no |
| Lease Type |
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| Lease Cost |
0 |
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Geographic and Infrastructure
| Latitude |
28.5154647 |
| Longitude |
-81.3870677 |
| County |
Orange County |
| Rail Access |
no |
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Utilities
| Service to Property |
no |
| Electric Provider |
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| Gas On Site |
no |
| Gas Provider |
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| Water On Site |
no |
| Water Provider |
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| Fiber Optics |
no |
| Telecom on Site |
no |
| Sewer On Site |
no |
| Sewer provider |
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Unused Data Points
| status |
Active |
| businesspark |
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| buildingtypes |
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| contiguous |
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| divisiblefrom |
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| saleprice |
3335000 |
| pricepersf |
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| dockhigh |
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| divisible |
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| loadbearing |
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| multitenant |
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| shovelready |
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| ownership |
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| networked |
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| phase1 |
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| airportzone |
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| revitalizationarea |
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| tif |
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| enterprisezone |
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| created |
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| updatedby |
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| thumbnail |
https://storage.googleapis.com/simplifi-dev/images/9157e213/srs-distribution-582b32bf-thumb.jpg |
| image1 |
https://storage.googleapis.com/simplifi-dev/images/9157e213/srs-distribution-582b32bf.jpg |
| image2 |
https://storage.googleapis.com/simplifi-dev/images/9157e213/srs-distribution-1ab055e5.jpg |
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| cranes |
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| buildableacres |
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| callCenter |
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| columnSpacing |
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| dataCenter |
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| sprinklerType |
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| topography |
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| warehouseSF |
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| wetlands |
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| addlacreageavail |
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| airconditioned |
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| sewermainsize |
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| heated |
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| watermainsize |
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| electricvolts |
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| expandableYesNo |
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| floorThickness |
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| electricPhase |
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| cranesUnderHook |
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| refrigeratedSF |
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| docksLevel |
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| isContiguous |
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| overrideimport |
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| createdBy |
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| description_lower_first |
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