ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Bank of America – Kissimmee, FL – Ground Lease

1200 W. Osceola Parkway
Sold

SALE PRICE: $2,999,000
CAP RATE: 5.04%

  • Bank of America is a global financial services company with reported net income of $5.3 billion and consumer banking deposits of $547 billion as of Q2 2015
  • Florida has NO STATE INCOME TAX
  • 10% rent increases every five years with options to extend lease
  • Ground lease with zero landlord responsibilities
  • Kissimmee is located less than 25 miles south of Orlando and next to world-class theme parks such as, Walt Disney World® Resort, Universal Orlando® Resort and SeaWorld® Orlando
  • Nearly 183,000 people, with an average household income of $55K+, within five miles
  • There are no features available

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$2,999,000

4,885 sf

Price:

$2,999,000

Cap Rate:

4.85%

Building Size:

4,885 sf

SF Land Area:

1.89 ac

Current NOI:

$151,250

Lease Type:

Ground Lease

Remaining Term:

8.5 Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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