Property details
Florida Anchored Shopping Center, Southeast Region
Property Description
Florida Anchored Shopping Center
Great tenants.
Value-Add anticipated to come if and when OfficeMax inevitably leaves/goes bankrupt
Generally rents are low so there is an ability to push rents as well
STRONG ANCHOR TENANCY AND TERM
This Plaza benefits from the anchor tenancy of Burlington Coat Factory, dd’s Discounts (a Ross Dress for Less company), Chuck E. Cheese and OfficeMax.
BELOW REPLACEMENT COST PRICING
By virture of the low anchor rents, this Plaza is expected to trade at pricing well below replacement cost.
NO DEBT TO ASSUME
The Property is being offered without any existing financing.
Approx. 205,000 square feet of gross leasable area
Presently 98.53% leased
Built in 1973 and renovated in 2011.
The Property is being offered without any existing financing.
This plaza is the best positioned retail property in the market.
The Property is situated at a major intersection, immediately across from a Mall.
The surrounding retail trade area is one of the city's most seasoned and is experiencing a resurgence in market rents and occupancy levels.
Images
Highlights
- Status:
- Available
- Price:
- $18,000,000
- PSF:
- $88
- Cap Rate:
- 7.60%
Property Information
- Building Size:
- 205,000 sq.ft.
- Property Type:
- Shopping Center
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Year Built:
- 1973
- Land Area:
- 18.60 acres
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.