• Year Built: 1990
3162 Clemson Rd is an industrial property for lease in Orlando, FL.
This property is a great opportunity for any investor's portfolio or 1031 Exchange and includes an investment grade tenant! This investment also offers an assumable loan with favorable terms. The property is located in an established industrial area of Orlando with excellent access to area roadways and population centers.
The property contains approximately 226,201 SF or 5.19 Acres and has ample outside storage with a land to building ratio of 7.02:1. A survey of surrounding properties reveals very few options for warehouse/office space with oversized yard storage capacity.
The two-story building is approximately 26,368 +/- square foot of office/warehouse and includes approximately 11,925 +/- SF of air-conditioned space.
The property is currently under lease with TCS Communications, LLC (a subsidiary of Dycom Industries, Inc. - NYSE: DY). This lease offers an investment grade tenant with a NNN lease term though December 31, 2021. The NOI for this property is $158,124. The term includes a 3% increase in base rent in January 2017 and a 2% increase in January 2019. The tenant is a nationwide full service telecommunications contractor in the cable installation and maintenance business and requires significant yard storage and access to major highways.
The building includes two restrooms on the second floor office area, two restrooms in the first floor office area and two restrooms in the warehouse area. The property has seven 18' grade level doors, one truck well and two 16' - 18' roll-up fire doors to separate the northwestern portion of the warehouse. The interior roof height is approximately 30'.
There is central heat and air-conditioning system in the office area. (The warehouse area is not air-conditioned).
Site Improvements include landscaping, irrigation, asphalt paving, concrete walks, retention, exterior lighting and chain link fencing.
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