1600 W. Airport Blvd. Sanford, Fl. 32771 1 INVESTMENT 10% CAP RATE
Executive Summary Address: 1600 W Airport Blvd. Orlando, Fl. 32771 Property Name: River Boat Commerce County: Seminole Access: Two full Ingress & Egress Traffic: 46A / 16,613 Traffic: Airport Blvd. / 14,369 Parking: 278 (Designated) Spaces or 4.75 per 1,000 SF Construction: Concrete Block, Stucco, Metal Roof: Commercial Grade Built-Up, with architectural tile paraper roof, Standing Seam Metal Number of Buildings: Two Building Size: 63,366 Sq.Ft. Number of Floors: One Year Built: 1986/1991 Land Size: 7.71 Acres Tenants: 11 Occupancy: 83% Price: $2,700,000.00 Current Cap Rate: 10 % NOI: 281,867 FINANCIALS AND RENT ROLL AVAILABLE UPON REQUEST Property Summary River Boat Commerce Center is located at the corner of H.E. Thomas JR. Parkway (SR 46A) & West Airport Blvd. The center is situated in close proximity to numerous roof tops and community complexes. The center also benifits from the recently completed, WAWA & 7-11 Gas C-store Outlets. River Boat contains and exellent mix of tenants including regional and local credit businesses. The center offers investors a stabilized income stream along with the opportunity to add value through the lease up of the three remaining spaces. Additional upside value through below market rates increasing upon existing tenant renewals. This is a unique opportunity to purchase and extremely well built center well below replacement cost. while still benefiting from stable long term cash flow. At the current offering price the underlying land real estate at7.77 Acres is below $8.00 per squarre foot. is the agent of the Landlord or Seller of this property and will be paid by the Landlord of Seller. All information furnished with respect to the subject property has been obtained from sources deemed reliable. No representation as to the accuracy thereof is made. This offering is subject to errors, omissions, prior sales or withdrawl without notice.
River Boat Commerce center 1600 W. Airport Blvd. Sanford, Fl. 32771
1600 W. Aiport Blvd. Sanford, Fl. 32771
1600 W. Aiport Blvd. Sanford, Fl. 32771
1600 W. Aiport Blvd. Sanford, Fl. 32771 SALE: SPACE: For Sale $2,700,000.00 ($40.97/SF) Sale Type Investment Properties 1 Status Active BUILDING: Type Center 3 Star Retail (strip Center) Riverboat Landing GLA 63,366 SF Year Built 1986-1991 Stories 1 Tenancy Multi Docks None Elevators None Construction Masonary Sprinklers Yes Parking 278 free surface spaces are available; Ratio of 4.75/1,000 SF Frontage 225 on Airport Blvd (with 1 curb cut) 245 on HE Thomas JR. (46A, with 1 curb cut) Taxes $0.75/SF (2016) Opex $1.50/SF (2016) Total Expenses $2.25/SF (2016) LAND: Land 7.77 AC Land SF 338,461 SF Bldg FAR 0.18 Zoning Parcel GC-2 20-30-02-300-032C-0000 TENANTS: Name Ring Marketing Central Florida Academy AECOM New Beginning Uni-Select (retail) TDCC CMS KPA Group National Transfers Talaria Dance Iglesia SF Occupied 7,100 SF 13,996 SF 2,776 SF 2,400 SF 5,000 SF 4,800 SF 2,020 SF 1,520 SF 2,020 SF 2,020 SF Floor SF Available Use Rent P 1st 3,700 SF Office/Flex $8.00 NNN P 1st 4,450 SF Office $8.00 NNN P 1st 2400 SF Office/Flex $8.00 NNN BUILDING NOTES: 100 % HVAC, each suite seperately metered, located one block from the new Greenway extension, easy acess from new interchange (46A) and I-4 DEMOGRAPHICS: 1 Mi 3 Mi 5 Mi Population 11,246 72,131 114,625 Population Growth 5.58% 5.13 % 5.22 % (2015-2020) Households 4,146 27,575 44,047 HH Growth 5.52% 5.02% 5.14% Medial HH Income $41,931 $44,215 $51,425 LOCATION: Zip: 32773 CBSA: Orlando-Kissimmee- Sanford, FL Submarket: Sanford DMA: Orlando-Daytona State: Florida Beach-Melbourne, FL Market: Orlando County: Seminole ASSESMENTS: 2015 Assesment Improvements: $1,337,985 $28.92/SF Land: $1,014,939 $3.00/SF Total Value: $2,352,924 $6.95/SF Taxes: $47,885.30