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JUST LEASED! — 4417 E. Colonial Dr | Office or School Space For Lease | 9,300 square feet

4417 E. Colonial Drive, Orlando, FL 32803
9,300 square feet of School / Institutional / Office Space Available
For Lease $13/SF NNN | Approx. $13,000/ month

Summary: Great mid-century, one-story modern building with large offices / classrooms / conference rooms, 2 reception area, and 4 bathrooms, kitchen, and 2000-square foot community room. The property is ideal for many uses including school, child care, institution, office, medical, or showroom space, and is located within minutes of Baldwin Park, Downtown Orlando, and Winter Park. Excellent high-traffic lighted signage on Highway 50 Colonial Drive. While initially constructed in 1955, the building has been completely renovated over the last three years, including accessible restrooms, fire separation, and fire alarm protection.

  • Location Details:
    alternate address: 728 Gear Lake Avenue, Orlando, FL 32803
    2 blocks south of the Baldwin Park entrance on Bennett Road
    4 blocks north of the Orlando Executive Airport
    within 1 mile of the Orlando Central Business District
    View of Lake Gear (as seen and crossed when on the Cady Way Trail)
    Next to Best Buy Shopping Center, directly behind Orlando Bible Church (4411 E. Colonial Drive)
  • Building Specifics:
    Total Building: 9,223 heated per appraisal
    Note: 9,314 gross / 9,153 heated per tax roll
    Legal Description: Lots 1,2 3, and 19, Block M, Tinker Heights, Plat Book M Page 93, Orange County, FL
    Orange County parcel id: 20-22-30-8688-13-010
    0.68-acre site, dual ingress and egress, 30 private parking places (1 space per 307 building sq ft) plus additional spaces via cross-park agreement with neighboring business
    Summary: one-story construction, block and stucco, poured concrete foundation, 100-year tile roof, numerous large fixed glass tinted windows, 8-foot ceiling height with 20-foot community room vaulted ceiling, 4-zone of air conditioning with recently replaced compressors and air handlers, painted drywall interior finish and standard vinyl baseboard trim
  • Zoning:
    AC-3 zoning details, Metropolitan Activity Center, Traditional City, City of Orlando; this is among the city’s most intensive classifications
    Permitted uses include: day care, nursing home, child care, clinics, communication towers, eating and drink establishments, emergency shelter,  medical / dental lab or office, office, retail, schools, showroom, treatment center
    For verification, please contact the City of Orlando – Planning and Zoning
  • Terms:
    Rate $13 / square foot, triple net lease
    Triple Net Lease: The tenant will be responsible for the payment of real estate property taxes, building insurance, and maintenance. Based on historical expenses, the cost of these expenses is $3.50 / square foot.
    Gross Rent Equivalent Estimate: $13 + $3.50 = $16.50 / sq ft.; 5-year term with renewal options
    Tenant improvement allowance and security deposit based on term, business financials, and owner / principal personal credit.
    This is a currently a class B+ building, but the exterior improvements have been completed that would enable conversion to Class A-, provided the interior finishes are also upgraded. The quoted rented amount is for existing B+ finishes. Class A interior finish would increase the rate to $15 / sq ft, triple net.
  • Tenant receives first right of refusal to purchase if building becomes offered for sale
  • Commission Licensed Real Estate Agents will receive a 3% commission based on the gross lease amount

 

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