6330 Old Cheney HighwayOrlando, FL 32807MLS Number O5977396

  • Price: $2,300,000
  • 19 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
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6330 Old Cheney Highway Orlando FL 328076330 Old Cheney Highway Orlando FL 328076330 Old Cheney Highway Orlando FL 328076330 Old Cheney Highway Orlando FL 32807
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  • 1.39Acreage
  • 1969Year Built
  • 16,500Square Feet
The property is efficiently designed/laid out on 1.39 acres and maximizes every foot available on the land. The bays were designed with leasing velocity in mind as the original developer did not make the spaces too large but left enough flexibility for Tenants to easily expand into contiguous space,if need be,which many of the Tenants ended up doing. The design was also crucial in determining the lease ability of the property as the smaller bay sizes made the property affordable for any prospective tenant looking to lease space. This is why the property has over a 20-year history of being fully leased. The property consists of 2 building's - 1 property that is 6,400 sq. ft. and constructed of Modular Metal & 1 Property that is 10,100 sq. ft. and constructed of Concrete Block. The way the buildings were constructed was to provide 16 - 1,000 sq. ft. bays with a small office function and roll-up doors servicing he warehouses. Some of the bays are fully under air while others are not. There is a lot of flexibility for the current Tenants and prospective Tenant's which has been part of the long-standing interest that the property receives. The buildings share a common area parking lot that allows for a 2.5 Per 1000 parking ratio. The current Tenant mix is made up 7 well established businesses who have a long history of being great Tenants to the property. 57.58% of the Tenant mix is comprised of very strong regional businesses and State credit. This is advantageous for investors as they will get to enjoy the feel of a local low maintenance property but have the security of a strong regional credit limiting their risk and allowing them to comfortably navigate capturing the upside that the property had readily available.
Listing Courtesy of 4 ACRE REALTY LLC

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More Info

Location Information

  • Road FrontageState Road

Basic Information

  • Property SubTypeWarehouse

Building

  • Building Area Source Owner
  • Garage Spaces
  • Stories1
  • Year Built1969

Property Information

  • Acreage1.39
  • Construction Materials Metal Frame
  • Lot DescriptionCorner Lot, City Limits, Near Public Transit, Paved
  • Lot Size Square Feet 60,657
  • MFR Total Acreage 1 to less than 2
  • Square Feet16,500

Basic Information

  • List Price$2,300,000
  • MLS NumberO5977396
  • Mls Status Active
  • StatusACT

Property

  • Living Area 16500
  • ZoningC-3

Utilities

  • Cooling Other

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No
  • Waterfront YN No

Tax Information

  • Tax Year 2020
  • Taxes$12,254

Location

  • Address6330 Old Cheney Highway
  • AreaOrlando/Azalea Park/Park Manor
  • Building Number6330
  • CountyOrange
  • Directions Make a right on old cheney highway, and the property is on the right.
  • StateFL
  • StreetOld Cheney
  • TownOrlando
  • Township 22
  • Zip32807

Other

  • Date Listed10/04/2021
  • MFR Flood Zone Code X
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
9145 Narcoossee Road
Orlando, FL 32827

Based on information submitted to MFRMLS as of October 23, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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