Catylist ID: #30798878
Retail-Commercial for Sale
|Catylist Listing ID:||30798878|
|Property Subtypes:||Retail-Pad, Street Retail, Other|
|Building Size (RSF):||25,012 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||4.18 Acres|
|Unit Price:||$349.83 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
This is a rare investment opportunity to acquire an established retail shopping center in Lakewood Ranch. The center is shadow anchored by a 30,000 sf Ace Hardware and gift store. Excellent visibility and signage on Lakewood Ranch Blvd. Under market rents which provides for high upside potential and priced under the replacement/land value.
High residential growth area minutes from the Fort Hammer Bridge junction to Parrish Community and north end of Lakewood Ranch.
5.8% Cap rate
Annual rent escalations.
Attachments & Media
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Property Located Between:||High visibility on Lakewood Ranch Blvd.|
|Proximity:||1 mile||3 miles||5 miles|
George W. BruscoIAN BLACK REAL ESTATE LLC MFCRE Member
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