Shopping center, Orlando, United States

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Shopping center, Orlando, United States

$9,050,000
$1,171 /m²
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  • Total area
    7,726 m²
  • Yield
    7.1 %
  • Rental rate (m²/month)
    $5.5
  • Built in 
    1991
Details
Property parameters
  • Land area: 31,889 m²
  • 1-floor building
Financial performance
  • Annual income: $569,489
Tenants
  • Occupancy: 88 %
Property status
  • Most recent total renovation: 2018

The one-storey building with commercial premises.

Description

Total area of the property is 7,726 m².

The plot size is 31,889 m².

The property was built in 1991. The new roof coating was installed in January 2018.

Building Class C.

All areas are leased out.

Financial performance

The cost of the property is 9,050,000 $.

Absolute annual income is 640,740 $.

The current yield of 7.08%.

Tenants

Anchor tenants are:

  • American retail network, which has more than 14 thousand stores in the US. The annual turnover of the company exceeds $ 1 trillion.
  • American restaurant network, whose annual income exceeds $ 300 million. The company employs more than 25 thousand employees.

Location

The property is located in the city with a population over 40,000, in 6.5 km from Sunseeker Resort, in 40 minutes northwest of Fort Myers and an hour and a half south of Tampa.

The building is located in the heart of the shopping corridor, near the city center and the busy highway. At 6 km from the property there is the world's largest resort hotel, located on the coast of the bay. In addition, an aquapark, seven hotels and an open amphitheater are planned to be constructed in this area.

  • Property on the map
    Location right down to the building, street or city

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