Galloway Building - 850 E. Altamonte Drive

850 East Altamonte Drive Altamonte Springs, FL 32701

  • 98,563 Square Feet
  • Office Commercial-Specialty
  • For Sale

Summary Description

The GALLOWAY BUILDING is a seven-story, single-tenant office building comprising 98,563± rentable square feet on 8.79 acres with extensive parking (5.62 spaces per 1,000 RSF) in Altamonte Springs, Florida. Originally constructed in 1976, extensive renovations and modernizations totaling more than $5,100,000 were completed since January 2016. The building is 100% occupied by Ascenda USA, Inc., d/b/a 24-7 InTouch through December 31, 2025. 24-7 InTouch is an industry-leading provider for outsourced customer support with a clientele comprising Fortune 100 companies. This investment opportunity also benefits from more than $125,000 per year in additional income from three rooftop leases for cellular towers from Sprint, Verizon and Clear Wireless, as well as two on-site parking leases.

In addition to the Galloway Building building, Ownership is presenting the Centerpointe office building located in Clearwater, Florida, which is 100% occupied by 24-7 InTouch and Keiser University (additional information provided in Offering Memorandum).

Visit here to download the offering materials.

Property Status: Fully Tenanted

Lot Size: 8.79 Square Feet

Building Size: 101264 Square Feet

Area Available: 98,563 Square Feet

Features:

  • 100% Occupied by Single-Tenant
  • Stable Cash Flow & Upside Potential
  • Ideal Call Center Facility
  • Recent Capital Expenditures over $5.1M
  • Excellent Access to Major Transportation Nodes and Economic Drivers
  • Located in a High-Growth Area
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