North Lane Plaza | Core Value-Add | 10.07% Proforma CAP

5076 North Ln, Orlando, FL 32808

Marcus & Millichap is pleased to present 5076 North Lane Plaza, a 21,600 square-footretail center located on 1.88 acresat 5076 North Lane, Orlando, FL 32808. The property is currently 79.60% occupied, offering a value-add opportunity for buyers to increase returns through lease-up and operational improvements. Priced at $134.44per square foot, 5076 North Lane Plaza is offered below replacement cost. The subject property is currently 20.40% vacant, well above the overall market's 3.5% vacancy rate (per CoStar), indicating significant upside potential in a tightening market. Additionally, the propertys current average rents of $16.30 per square foot are below the market average of $29.48 per square foot, presenting further rental growth opportunities. North Lane Plaza is located near major retailers such as Walmart, 7 Eleven, and Walgreens, further enhancing its appeal. The area's robust economic growth, fueled by both residential and commercial development, positions this property as a stable and attractive investment within the thriving Greater Orlando market.

Contact

Broker or Owner Contact
Tarek Chbeir
Marcus & Millichap
,
Phone: 4075573834
tarek.chbeir@marcusmillichap.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID a3c508fa-3e7f-461d-8b1e-61525989cfea
Building Size 21600
Site Size (acres)
Zoning
Year Built 1986
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 2904000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.5959476
Longitude -81.4504295
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