119 West Kaley Street Office & Warehouse 2 biens | À vendre | 12 422 999 € | Orlando, FL

Located in Orlando’s desirable SODO neighborhood, 119 W Kaley St is a long-established single tenant office and industrial property leased to the Orange County Supervisor of Elections under a lease with Orange County, FL (the “County”). The County has been a tenant at the Property since 1991 and recently completed its 8th lease amendment/extension. The property has been extensively renovated during the County’s tenure as a Tenant; both inside and out. Much of the renovations have been done at the County’s expense, showing a strong desire to invest in and remain in the Property long term.
The property’s strong infill location has seen numerous redevelopments both completed and in various stages of development occur around it bringing both density and continued property value growth. Given the County’s long-term tenancy of the property and an accommodating Landlord over the years, the property is leased at below-market rents offering an investor a high level of downside protection with its secure lease along with a large amount of upside potential to mark-to-market the lease rate and greatly improve returns in the long term.