Jon Sharp
Listed by Jon Sharp
$7,840,000
Shops at Arcadia Ridge
Details
Property Type Retail
Sub Type Strip center, Commercial
Square Footage 12,820
Cap Rate 6.25%
NOI $489,868
Occupancy 100%
Tenancy Multi
Brand/Tenant RDA Fitness, Game Changers Barb...
Lease Type NNN
Price per SqFt $612
Year Built 2019
Acreage 1.620
Retail | 6.25% CAP | 12,820 SqFt
Investment highlights
- Price: $7,840,000
- Cap Rate: 6.25%
- Net Operating Income: $489,868
- Price PSF: $612 PSF
- Occupancy: 100%
- Year Built: 2019
- Gross Leasable Area: 12,820 SF
- Acres: 1.62 Acres
- Strengths:
- 100% Occupied Retail Center on NNN Leases
- Excellent Visibility & Access off Potranco
- High Volume Trade Area with Growing Demographics
- Challenges:
- Price Per Square Foot
- RDA Fitness Lease Term Remaining
- Buyer Pool:
- Local, Regional, National, & International Private
- Capital Buyers, Many of Whom are in 1031 Exchanges
- Institutional Capital Targeting Quality, Stabilized Real Estate
- Recommendations & Timing:
- Sell Now to Take Advantage of the Current Market Before Interest Rates Increase Further and Capitalize on 1031 Buyers
- If Awarded the Assignment, We Can Be on the Market Within One Week and Closed Within Our Average List-to-Close Time Frame of 5-6 Months
Listing Contacts
Jon Sharp
Listed by Jon Sharp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$489,868.00
$40,822.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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