Industrial Commercial Real Estate in 32701
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Canteen Vending Warehouse Facility | Industrial Investment Opportunity | 48,255 SF
1050 Miller Dr
Altamonte Springs, FL
Colliers, as owner’s exclusive advisor, is pleased to offer for sale to qualified investors, Canteen Vending’s operations & warehouse facility located in Altamonte Springs (Orlando MSA), Florida. Canteen recently relocated to the subject property signing a fresh 10-year, double-net lease in early 2019. The lease offers attractive two percent (2%) annual increases throughout the primary term protecting against future inflation.
Canteen Vending was acquired by Compass Group USA, a subsidiary of Compass Group PLC (LSE: CPG) in 1994. Compass Group is the largest food service company in the world with annual revenues exceeding $22.964 billion in 2018. Canteen has led the vending industry for more than 85 years and has 14 locations across Florida and over 200 locations serving 48 states. Their business model focuses on coffee and tea products, water delivery, pantry solutions and healthy vending, serving clients such as hospitals, airports, business centers, attractions, tourism and small office solutions.
The building offers 48,255 square feet of net rentable space and is comprised of 16,475 square feet of office with the remainder being warehouse and cooler space. Housed on a 5.41-acre lot, Compass Group benefits from a low lot coverage ratio which provides ample parking for delivery trucks in addition to having substantial room for growth.
Credit-Worthy Tenant
$334,843 Stabilized NOI (Year 1)
Mission Critical Location
.4 miles from S. Ronald Reagan Boulevard
NNN Lease Structure through 2/2029 w/ 1-5 Yr Renewal Option
Below Base Rent
Recent Capital Expenditures
Lease:
More info
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North Lake Business Center
337 Northlake Blvd
Altamonte Springs, FL
Dock high, rear loading office/warehouse. 16’ ceiling height. On-site management and building engineer.
More info
83,449 SF
974 Explorer Cv
Altamonte Springs, FL
40,097 SF Multi-Tenant Rear Loading Warehouse. Block and Metal Construction with 20’ Clear Height.
Lease:
$1,625 -
$8,968/month
$1,625 -
$8,968/month
2,650 SF -
4,600 SF
4,600 SF
922 Hickory St & 903-905 Baywood St
Altamonte Springs, FL
Building Size:10,975SF
9,375 SF Warehouse with 16’-18’ Clear Height. (4) Grade Level Doors (1) Truck Well. Video Surveillance and Fenced in Lot. Access from 2 streets and front 3 streets
Sale:
$900,000
Lease:
$6,000/month
$900,000
Lease:
$6,000/month
10,975 SF
1005 Orienta Ave
Altamonte Springs, FL
Ample Parking. Fire Sprinklers w/Monitoring. Grade Level Door.
Lease:
$4,400/month
$4,400/month
4,800 SF
1075 Orienta Ave
Altamonte Springs, FL
Building Size:17,244SF
Easy access to SR 436, Interstate-4, Ronald Reagan BLVD, and US HWY 17-92. Most of the site is paved and it has some covered parking
Sale:
$1,300,000
Lease:
$1,225 -
$2,624/month
$1,300,000
Lease:
$1,225 -
$2,624/month
1,225 SF -
2,624 SF
2,624 SF
1750 South Ronald Reagan Boulevard
1750 S Ronald Reagan Blvd
Altamonte Springs, FL
More info
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130 East Altamonte Drive
130 E Altamonte Dr
Altamonte Springs, FL
More info
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998 Josiane Court, #1049
998 Josiane Ct
Altamonte Springs, FL
More info
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927 Fern Street, #1400
927 Fern St
Altamonte Springs, FL
More info
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910 Britt Court
910 Britt Ct
Altamonte Springs, FL
Lot Size:3.19Acres
Sale:
$2,325,000
$2,325,000
3.19Acres
500 Plumosa Avenue
500 Plumosa Ave
Altamonte Springs, FL
More info
More info
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Market Stats
32701 has 126 commercial real estate spaces for lease, representing 979,625 sqft space.
24 buildings are available for sale.
In the past 30 days, 32701 has had 57 spaces leased.
Cities that include 32701
Metropolitan areas that include 32701
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