North Lane Plaza | Core Value-Add | 10.09% 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
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Building
| Property ID |
edbe212b-6196-4786-9be1-6a20a8ac54ee |
| Building Size |
21600 |
| Site Size (acres) |
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| Zoning |
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| Year Built |
1986 |
| 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 |
2904000 |
| For Lease |
no |
| Lease Type |
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| Lease Cost |
0 |
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Geographic and Infrastructure
| Latitude |
28.5959476 |
| Longitude |
-81.4504295 |
| 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 |
2904000 |
| 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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| floodplain |
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| created |
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| thumbnail |
https://storage.googleapis.com/simplifi-dev/images/edbe212b/north-lane-plaza-core-value-add-10-09-proforma-cap-0e4130e8-thumb.jpg |
| image1 |
https://storage.googleapis.com/simplifi-dev/images/edbe212b/north-lane-plaza-core-value-add-10-09-proforma-cap-0e4130e8.jpg |
| image2 |
https://storage.googleapis.com/simplifi-dev/images/edbe212b/north-lane-plaza-core-value-add-10-09-proforma-cap-6bcb0515.jpg |
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| cranes |
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| callCenter |
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| dataCenter |
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| warehouseSF |
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| airconditioned |
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| dslavailable |
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| pricenegotiable |
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| heated |
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| electricvolts |
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| expandableYesNo |
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| floorThickness |
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| gaspsi |
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| gasmainsize |
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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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