Property details

Florida Value Add Shopping Center, Southeast Region

Property Description

Florida Value Add Shopping Center

Excellent location shopping center priced at below replacement cost.

Rare: Seller Willing to sell at $128 per sf

This is a confidential, off-market opportunity.

Several National Tenants are in place.

101,000+ Retail, leaseable SF.

55% Vacant providing upside potential.

Two of the anchor tenants just became available (21,000 SF).

Located right on 2 of the most high traffic road counts in the market (41,500 VPD and 39,980 VPD).

Additional Upside: Several tenants are paying an under market rate for the rent.

Huge Population within 3 miles of 88,654.

Traffic fronting of the property just under 40,000 VPD.

12.4 Acres Zoned Commercial.

535 Parking Spaces.

Excellent Population growth for the location with 9.36% from over the upcoming 5 years.

As a next step, the owner is requiring that a buyer submit a LOI, proof of funds and a Bio of the buyer or similar showing capability to purchase, experience, etc.



Shopping Centers For Sale



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Highlights

Status:
Available
Price:
$13,000,000
 

Property Information

Property Type:
Shopping Center
Industry Type:
Retail
Units/Spaces:
1
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.