Industrial Properties
880 Carter Road Winter Garden, FL 34787
Details & Description
Price: $1,400,000
    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
    • 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
    Building Size: 10,925 SF
    Lot Size: 1.180 AC
    Land Size: 51,400 SF
    Building $/SF: $128.15
    Land $/SF: $27.24
    Price
    $1,400,000
    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:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 880 Carter Road in Winter Garden?
    The asking price for 880 Carter Road is $1,400,000
    What is the building size of this Industrial property in Winter Garden, FL?
    The size of the building/unit at 880 Carter Road in Winter Garden is 10,925 square feet
    How much land does the Winter Garden, FL property at 880 Carter Road include?
    880 Carter Road in Winter Garden includes 1.180 acres of land
    What kind of Industrial is the propery at 880 Carter Road?
    The property at 880 Carter Road Winter Garden, FL 34787 is listed as a Flex-Office-Warehouse Industrial property
    What is the population within 1 mile of 880 Carter Road in Winter Garden?
    The population within 1 mile of 880 Carter Road Winter Garden, FL 34787 is 5,645 people.
    Who do I contact for questions about 880 Carter Road?
    You should contact the listing agent, Jaclyn Blair, for any details regarding this commercial listing.

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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