Listed by RE/MAX 5 Star Realty
$7,250,000
Margate Shopping Center
Details
APN 48-42-19-02-0010
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 20,714
Units 12
Cap Rate 2.84%
NOI $205,827
Occupancy 49.31%
Tenancy Multi
Lease Type Gross
Lease Options 2-3 years
Pro-Forma Cap Rate 8.46%
Pro-Forma NOI $613,341
Price per SqFt $350
Buildings 1
Acreage 1.320
Zoning TOC-C
Parking Spaces 65 spaces
Parking Per SqFt 3.14
Retail | 2.84% CAP | 20,714 SqFt
Marketing description
This prime investment property spans 20,714 SF on a 1.32-acre lot and includes 65 parking spaces. The shopping center features a total of 12 units, currently 49.31% occupied by four tenants. There is approximately 10,500 SF available, presenting an excellent opportunity for an owner-user or additional lease-up potential.
This is an exceptional investment opportunity in a prime location. For further details, please refer to the enclosed offering memorandum. Please do not disturb the tenants
Investment highlights
Located Directly on State Rd 7 / 441
49.31% Occupied
8.5% Pro-forma CAP Rate
Perfect for an Investor or Owner-User!
Listing Contacts
Listed by RE/MAX 5 Star Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$205,827.00
$17,152.25/mo
Valuation Metrics
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DSCR
2.84%
Cap Rate
2.84%
ROI
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