Mission Critical Office Flex | Orlando, FL — Sale in Orlando, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Orlando, FL 32826

Photos

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Investment Figures

Cap rate
8.01%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present for sale 12001 Science Drive, a core-plus, Class A single story office flex property located directly adjacent to the Central Florida Research Park, one of the leading hubs for defense, simulation, and advanced training industries in the United States. The 55,609-square-foot, four-tenant property is 100% occupied with 3% annual rent escalations and a 4.11-year WALE (area) | 4.09-year WALE (rent). A passive NNN lease structure, reimbursement of management fees, and recent capital improvements, including a new roof ($228,000; 20-year warranty) and new exterior paint (2026), with potential to add roll-up doors in the future, further enhance cash-flow durability and reduce ongoing landlord responsibilities. In-place base rents of $16.24 NNN plus $6.52 SF in OpEx are ~30% below the $29.88 SF submarket average (CoStar, April 2026); ARGUS model assumption: $19.52 SF. The property is anchored by a mission-critical tenant mix spanning defense, healthcare, security, and government services, including Katmai (57% GLA), DaVita (15% GLA | NYSE: DVA; S&P: BB), Security 101 (15% GLA), and MicroHealth (13% GLA). The tenants have located in this facility due to the proximity to their clients including the Naval warfare training, defense, simulation and government command centers located within the Central Florida Research Park. Adjacency to UCF, the third-largest university in the United States, further strengthens labor access, tenant retention, and long-term replacement demand. The property is located within Orlando’s University / Research Park submarket, one of the region’s most stable and resilient office markets, supported by a 9.6% five-year average vacancy rate and 3.2% five-year average rent growth (CoStar, April 2026). The submarket benefits from high renewal probability, and demand driven by mission-critical industries. Within ten miles, the area supports a population of 674,136, an increase of 18% since 2010, with an av

Market Context

This office in Orlando, FL is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Orlando, FL — view the full market.

As of Q2 2026, the Orlando office market showed a 16.8% vacancy rate, and average asking rents near $27.52/SF/yr. Source: multiple brokerage reports, Q2 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Orlando office market tightening or softening?
Vacancy is around 16.8% (Q2 2026).

Estimated Price per SF

$171.47/SF – $1,247/SF

Mid: $519.61/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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