Javier Moreira - Coldwell Banker Ackley
2921 S Orlando Drive #178
SANFORD, FL 32773

Description

Spectacular Opportunity! Buy this unit separately or buy all 8 units for sale. This unit is a below market price and ready to be leased 9% projected Cap Rate . Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, Department of Children & Family Services (DCF subcontractor-CBC) & Citi Trends. CBC generates traffic from thousands of family-oriented customers weekly as it is the largest family services in central Florida, servicing 3 counties. Pipe Dreams & the Beauty Salon have been in the plaza since it was remodeled around 1997. The Ambassador Church has been there for over 10 years. They also had a contract to purchase the building for 1 million plus. Most tenants would like a longer lease but the rents are low & will increase so we will only negotiate longer leases if a buyer has a contract subject to said longer leases. The only expenses not covered by the condo association dues which have been consistent at $1.15 per square foot for years with well over a $100,000 reserve, are the roof & HVAC. The leases typically require the tenants to cover the majority of the HVAC expenses.The entire plaza is approx 155,000 Sqft, located on 14 +/- acres. The Sanford Plaza has good traffic & great visibility to the Greenway (417). The roof is mostly foam covered with small river rock, which protects from UV rays & adds a tremendous amount of insulation with high ceilings. Unit 180, 240 & 250 have a sprinkler system.

Details

MLS#O5717886
StyleIndustrial
Sub-TypeResale
StatusActive
Year1965
Days On Site204

Features

SQ Feet5,100
Story(s)1
ZoningGC2

Market Activity 32773

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Area Information

StateFL
CountySeminole
CitySANFORD
Zip Code32773
Area32773 - Sanford
Listing VS Median (in 32773)
Price:
$399,000
low | high
Med:
$205,000
98.621553884712% of Average
SqFt:
5,100
low | high
Med:
1,364
100% of Average
$ / SqFt:
$78
low | high
Med:
$152
44.033128423665% of Average
On Site:
204
low | high
Med:
46.5
100% of Average
Listing Updated: 01/16/2019
MLS Number: O5717886
Listing Provided By:
Freddie Crespo  of  INVESTORS REAL ESTATE LLC

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