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

Broker or Owner Contact
Brett Davis
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 898
Building Size 14500
Site Size (acres)
Zoning
Year Built
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 3335000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.5154647
Longitude -81.3870677
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider