850 Altamonte
Altamonte Springs, FL
The Offering
Key Facts
- Type Single-Tenant Office
- Percent Leased 100%
- Parking Ratio ±5.6 per 1,000 square feet
- Address 850 E Altamonte Dr, Altamonte Springs, FL 32701
- Total Building Area ±98,204 SF
- Year Built 1976, Renovated 2016 and 2017
- Land Area ±8.79 acres (±382,950 SF)
- Price $15,690,000
- Per Square Foot $160
- Capitalization Rate - Years 1 through 4 11.00%
Investment Summary
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire 850 Altamonte (the “Property”), a ±98,204 square foot, seven-story office property that is 100% occupied by IntouchCX on a NNN lease. Strategically located on a generous +/-8.79 acre site in Altamonte Springs, Florida between two major highways, and a short walk from a station for the commuter train SunRail, the generously sized site is easily accessible and highly visible.
IntouchCX is a global contact management leader that serves the world’s top corporations and has the capacity to employ 1,000 crewmembers from this location.
The Property is across from Altamonte Springs City Hall in the city centre, surrounded by restaurants, apartments, residential neighborhoods, and other amenities.
This Property offers investors a significant opportunity to enjoy stabilized, reliable income from an institutional-quality occupant, with at a generous return, and the potential to densify the site in the future.
