Florida Upside Power Center For Sale, Southeast Region

Property Description

Located in an Income Tax Free State!     

Florida Upside Power Center For Sale

Located in central Florida.

Majority of the tenants are national credit tenants

Priced 7.00% cap (Make Offer)

Offered at an above-market Cap Rate due to the underlying mortgage that must be assumed (inquire)

NOI currently at approx. $3.3M

Buyer must assume approx. $26.6M existing mortgage.

There is 10,000 sf upside development available.

There is also upside in a theater who's lease up soon.

There is further upside in the large amount of parking spaces this center has (potential to reduce parking thus freeing up more pad sites).

Buyer responsible for 1 point buy-side commission.

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