Industrial Properties - For Sale
880 Carter Road Winter Garden, FL 34787
Details & Description
Price: $1,400,000
  • Property Type Industrial for Sale : Flex-Office-Warehouse
  • Lot Size Acres 1.180
  • Building Sq Ft 10,925
  • Building Price per Sq Ft $128.15
  • Land Sq Ft 51,400
  • Land Price per Sq Ft $27.24
Marcus and Millichap is pleased to present the opportunity to acquire a STNL industrial sale-leaseback located at 880 Carter Rd in Winter Garden, Florida. The subject property consists of approximately 10,925 square feet of office-warehouse space and is situated on 1.18 acres of land. The asset features ample outside storage space, two grade-level doors, +/- 2500 square feet of office space. The structure of the building consists of metal and roof is in good condition. Upon the sale of this transaction the seller is willing to sign a 5 year NNN lease. The tenant Edwards Concrete is a licensed contractor of Bomanite Imprint and Polishing Systems with 40 + years of business. Well located less than a mile off of SR 429 Florida's Turnpike. Vacancy sits at 4.7% in immediate sub-market with effective rents ranging from $8 - $12 SQFT. Orlando MSA industrial rent has increased 4.9% Y-O-Y and trajectory continues to push upward. Prior to the pandemic, Orlando ranked among the nation’s top markets for in-migration and job creation. These increases and a rise in e-commerce spending allowed the metro’s industrial sector to be relatively insulated from the impacts of the health crisis, with the segment recording positive net absorption during each quarter in 2020 and the first quarter of this year. That trend should continue as a strong rate of employment growth draws more households to the metro in 2021 and bolsters consumer spending.
Property Highlights
 Located Just Off Of SR 429 Floridas Turnpike With Proximity To Orlando International Airport MCO
 10,925 Square-Foot Property Including Outside Storage Situated On 1.18 Acres Of Land
Listing Agents
Jaclyn Blair

O: 813-387-4815
jaclyn.blair@marcusmillichap.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

880 Carter Road

Winter Garden, FL 34787

Listing ID: 275567
$1,400,000
For Sale
  • Property Type Industrial for Sale : Flex-Office-Warehouse
  • Lot Size Acres 1.180
  • Building Sq Ft 10,925
  • Building Price per Sq Ft $128.15
  • Land Sq Ft 51,400
  • Land Price per Sq Ft $27.24
  • 880 Carter Road Winter Garden, FL 34787 | for Sale | Photo 1
  • 880 Carter Road Winter Garden, FL 34787 | for Sale | Photo 2
880 Carter Road | for Sale | Thumbnail 1
880 Carter Road | for Sale | Thumbnail 2
Property Highlights
 Located Just Off Of SR 429 Floridas Turnpike With Proximity To Orlando International Airport MCO
 Metal Construction Featuring 2 Grade Level Door Ample For Semi-Trucks
 10,925 Square-Foot Property Including Outside Storage Situated On 1.18 Acres Of Land
 Newly Executed 5 Year NNN Lease With Strong Tenant
Description

Marcus and Millichap is pleased to present the opportunity to acquire a STNL industrial sale-leaseback located at 880 Carter Rd in Winter Garden, Florida. The subject property consists of approximately 10,925 square feet of office-warehouse space and is situated on 1.18 acres of land. The asset features ample outside storage space, two grade-level doors, +/- 2500 square feet of office space. The structure of the building consists of metal and roof is in good condition. Upon the sale of this transaction the seller is willing to sign a 5 year NNN lease. The tenant Edwards Concrete is a licensed contractor of Bomanite Imprint and Polishing Systems with 40 + years of business. Well located less than a mile off of SR 429 Florida's Turnpike. Vacancy sits at 4.7% in immediate sub-market with effective rents ranging from $8 - $12 SQFT. Orlando MSA industrial rent has increased 4.9% Y-O-Y and trajectory continues to push upward. Prior to the pandemic, Orlando ranked among the nation’s top markets for in-migration and job creation. These increases and a rise in e-commerce spending allowed the metro’s industrial sector to be relatively insulated from the impacts of the health crisis, with the segment recording positive net absorption during each quarter in 2020 and the first quarter of this year. That trend should continue as a strong rate of employment growth draws more households to the metro in 2021 and bolsters consumer spending.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Orlando History of Industrial Properties for Sale

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Winter Garden Area Market Trends

Listing Demographics for 880 Carter Road Winter Garden, FL 34787

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,64567,071164,941
Population Median Age393837
Population by Age0-9 Yrs697 (12%)8935 (13%)22570 (13%)
10-19 Yrs616 (10%)9236 (13%)22623 (13%)
20-29 Yrs705 (12%)7690 (11%)20550 (12%)
30-39 Yrs1098 (19%)9436 (14%)22464 (13%)
40-49 Yrs685 (12%)9569 (14%)24644 (14%)
50-59 Yrs733 (12%)9686 (14%)24126 (14%)
60-69 Yrs464 (8%)6770 (10%)16025 (9%)
70+ Yrs647 (11%)5749 (8%)11939 (7%)
Median HH Income$47,529$66,353$71,675
Total Household Income< 24K472 (25%)3355 (14%)8036 (14%)
25-49K508 (27%)5674 (25%)11385 (21%)
50-74K293 (15%)3484 (15%)8574 (15%)
75-99K259 (13%)2842 (12%)7067 (13%)
100-199K249 (13%)4955 (21%)12470 (23%)
200K+76 (4%)2379 (10%)6296 (11%)
Highest Education LevelNo Diploma1139622912939
Diploma or GED11931095824774
Some College504855520484
Assoc. Degree312396410532
Bachelors Degree5631008826204
Higher Degree363564814812
Total Housing Units2,13724,30957,782
--Owner-Occupied1,09415,22337,426
--Renter-Occupied7647,46516,401
Owner-Occupied Values< 100K26516503026
100-199K29623877219
200-299K23743189734
300-399K17732707250
400-499K6817214093
500K+5218776105
Total Working Age Population4,59652,126127,504
In Work Force3,02135,61588,370
Not In Work Force1,57516,51239,134
Workforce Employed2,80933,71683,811
Workforce Unemployed2121,8884,547
Civlian Workforce3,02135,60488,357
Military Workforce01012
Total Households1,85822,68853,827
Family Households1,24816,68541,254
Non-Family Households6096,00312,573
Married Couple83812,60230,952
Other Family4104,08310,302
Married w/Child3525,94714,746
Single Male w/Child275831,416
Single Female w/Child1481,2833,749

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Lake County210,528+41297,052+21360,739+21437,201
Orange County896,344+281,145,956+241,415,511+201,693,977
Volusia County443,343+12494,593+10544,093+9594,289

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Orlando International Airport (MCO) 18
Orlando Sanford International Airport (SFB) 25
Daytona Beach International Airport (DAB) 53
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