9,200 SF School / Institutional / Office Building
For Lease $11/SF NNN | Approx. $11,200 / month
    Also available for sale: details

4417 E. Colonial Drive, Orlando, FL 32803
alternate address: 728 Gear Lake Avenue, Orlando FL 32803
current occupant - Pace Center for Girls

Locator Map * Aerial Photo * Aerial Photo2

Summary	Great mid-century, one-story modern building with several large offices, classrooms / conference rooms, 4 bathrooms, kitchen, and 2000-square foot community room. The property is ideal for many uses including schools, child care, institutions, office, medical, or showroom space, and is located within minutes of Baldwin Park, Downtown Orlando, and Winter Park. Excellent high-traffic lighted signage on Highway 50 Colonial Drive. While initially constructed in 1955, the building has been completely renovated over the last three years.
Location	4417 E. Colonial Drive, Orlando, Florida 32803 alternate address: 728 Gear Lake Avenue, Orlando FL 32803 2 blocks south of the Baldwin Park entrance on Bennett Road 4 blocks north of the Orlando Executive Airport within 1 mile of the Orlando Central Business District View of Lake Gear (as seen and crossed when on the Cady Way Trail) Next to Best Buy Shopping Center, directly behind Orlando Bible Church (4411 E. Colonial Drive)
Building Specifics	9,223 heated per appraisal, calculation Note: 9,314 gross / 9,153 heated per tax roll, sketch Legal Description: Lots 1,2 3, and 19, Block M, Tinker Heights, Plat Book M Page 93, Orange County, FL Orange County parcel id: 20-22-30-8688-13-010 0.68-acre site, dual ingress and egress, 30 private parking places (1 space per 307 building sq ft) plus additional spaces via cross-park agreement with neighboring business Survey, 8x11 and Survey, 11x17 Floor Plan | Floor Plan with Measurements Clean Phase I Environmental completed December 2005 available on request Highway 50 Signage illustration Summary: one-story construction, block and stucco, poured concrete foundation, 100-year tile roof, numerous large fixed glass tinted windows, 8-foot ceiling height with 20-foot community room vaulted ceiling, 4-zone of air conditioning with recently replaced compressors and air handlers, painted drywall interior finish and standard vinyl baseboard trim
Zoning	AC-3 zoning details, Metropolitan Activity Center, Traditional City, City of Orlando; this is among the city's most intensive classifications Permitted uses include: day care, nursing home, child care, clinics, communication towers, eating and drink establishments, emergency shelter,  medical / dental lab or office, office, retail, schools, showroom, treatment center For verification, please contact the City of Orlando - Planning and Zoning, 407-246-2269
Availability	Available May 1, 2010
Terms / Rate	$11 / square foot, triple net lease Triple Net Lease: The tenant will be responsible for the payment of real estate property taxes, building insurance, and maintenance. Based on historical expenses, the cost of these expenses is $3.50 / square foot. Gross Rent Equivalent Estimate: $11 + $3.50 = $14.50 / sq ft. Based on 9223 square feet, the monthly payment is $11,144 (annual rent: $133,734). In addition, all commercial rents in Orange County Florida pay 6.5% sales tax; monthly payment including sales tax is $11,869 / month. 3 to 10-year term with renewal options Tenant improvement allowance and security deposit based on term, business financials, and owner / principal personal credit. This is a currently a class B building, but the exterior improvements have been completed that would enable conversion to Class A-, provided the interior finishes are also upgraded. The quoted rented amount is for Class B to B+ finishes. Class A interior finish would is estimated at $15 / sq ft, triple net. Tenant receives first right of refusal to purchase if building becomes offered for sale
Commission	Licensed Real Estate Agents will receive a 3% commission based on the gross lease amount
Contact	Robert Cascio, Licensed Real Estate Broker robert@floridalandgroup.com 407.538.1000 mobile Apply for lease online
Exterior Pictures
Interior Pictures
Video	interior walk-through, northern portion of building, classrooms and offices, beginning from the main entrance near Park Lake Street larger screen view: http://www.youtube.com/watch?v=0UY8IHkbtC8   interior walk-through, southern portion of building, large community room, beginning near the second entrance off Gear Lake Avenue larger screen view: http://www.youtube.com/watch?v=iAnrPlVXIlk   exterior walk around, entire building, beginning from entrance on Park Lake Street (northwest corner of the building) and walking around counterclockwise larger screen view: http://www.youtube.com/watch?v=q1X0nNZ3mrA

Comparable Active Listings - updated 6/29/2009 from Property Source Book
Please note that zoning and parking are critical factors. The subject property advertised above is zoned for AC-3 for high commercial intensity such as retail, schools, and restaurants. In addition, this property includes 30 private parking spaces (3.25/1,000 sq ft) with additional spaces via cross-parking arrangements.