WP IND/FLEX Income Properties

833 Nicolet Ave.
Winter Park, FL 32789
For Sale
Price: $4,580,000 (6.4 CAP)
Building Size: ±12,850 SF on 1.41ac
Type:

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Contact Broker:

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Download PDF Information:
L-Zerivitz-Nicolet-IND-Invstmt-Prop-SALE.pdf

CITY Commercial is pleased to present a rare opportunity to acquire two fully
leased industrial/flex properties located in Winter Park, FL. These well-positioned
assets feature a diverse tenant mix, strong value-add potential, and the benefits of
operating in a high-demand market. With stable cash flows, ongoing redevelopment
activity in the area, and favorable zoning, this offering presents an attractive
investment with both immediate income growth and long-term redevelopment
upside.

The portfolio comprises ±12,850 square feet of multi-tenant industrial/flex space
spanning 1.41 acres, offering an ideal combination of income stability, future
growth, and redevelopment potential.

Situated between Fairbanks & Minnesota, an area with historically low vacancy and
strong rental rates.

This offering presents an exceptional chance to invest in a high-performing, fully
leased industrial portfolio in one of Central Florida’s most competitive submarkets.

833 NICOLET:
• Three industrial/flex warehouses accommodating 14 diverse and
stable tenants.
• 100% occupancy with room for value-added strategies to increase
NOI.
• .93-acre, fully-paved lot ideal for clients and service vehicles

817 NICOLET:
• .48-acre land lease to a well-established landscaping
contractor with 400 employees.
• Long-term stability with a proven in-place tenant.

Value-Add Potential & NOI Growth:
• Short-term lease structures allow for quicker rent adjustments in
response to market demand.
• Opportunity to convert leases to NNN, passing through CAM
expenses to tenants.
• Implementation of a management fee can further enhance net
operating income when transitioning to NNN leases.

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Map View

Contact us with questions about this property:

Lee Zerivitz, SIOR, CCIM

lee@citycommercial.com

407-929-3598