Off-market office · Lake Mary / Heathrow

Heathrow Executive

195 International Parkway · Lake Mary, FL 32746

Offered at

$6,500,000

8.5% cap · no vacancy

An off-market office on the west side of I-4, offered at an 8.5% cap. Boutique scale in Heathrow / Lake Mary, with below-market rents. The offering includes an additional building site fronting I-4, already entitled for a 7,250 SF office.

31,962: SF rentable
33,363: SF gross building area
±3.30: Acres
I-4: West side, Lake Mary / Heathrow

Primary upside

Entitled land, and rents with room to move.

Excess land, entitled I-4 pad

Seminole County has approved a 7,250 SF one-story office building on Tract A-4 (DO 22-20500020). Entitled office rises to 40,545 SF, with expanded parking and I-4-oriented signage. The entitlement is in place. This is not a rezoning story.

Below-market rents

In-place rents are below market. The upside is raising rents as leases roll. Neither the pad nor the rent mark-to-market requires a major capital program.

The building

In excellent condition.

Front elevation of Heathrow Executive, a two-story brick office building with a stone entry arch — Front elevation

Two-story lobby with seating, stone flooring, and a glass stair — Lobby

Open office suite with workstations, private offices, and glass-front rooms — A typical suite

Interior corridor with polished stone flooring, an elevator, and suite entries — Corridor

Why it works

A smaller building, in a location that does the work.

Boutique floorplates

31,962 SF of smaller suites with a real presence, rather than large-floorplate product in the submarket.

West of I-4

Direct access to Heathrow, West Lake Mary Boulevard, and Markham Woods Road.

Trail at the curb

The Seminole Wekiva Trail runs along the property.

Recent building work

New roof, all-new HVAC, elevator and LED upgrades, and landscaping, all within the last five years.

Access control

Cameras at the entrances, physical and digital keyfobs, a lobby directory, and remote access.

Tours by appointment

The offering memorandum follows a signed confidentiality agreement. Call or send a note to arrange a tour.

Location

West of I-4, at the Heathrow edge.

Convenient to Heathrow, West Lake Mary Boulevard, and Markham Woods Road. The Seminole Wekiva Trail is at the curb.

Adjacent Heathrow Marketplace is being refreshed, with new tenants and a grocery conversion to ALDI.

Tour