This Retail Property is Off-Market.

11790 East Colonial Drive
Orlando, FL 32817 ·

39,477 SF · Retail For Sale

N/A

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Alafaya Village

Price N/A Occupancy 90%
Gross Leasable Area 39,477 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center Year Built 1986
Property Use Type Investment Lot Size 1.50 AC
Commission Split 1% Parking Ratio 5 / 1,000 SF
Cap Rate 7.77%
Listing ID: 14255483 Date Created: 06/30/2005 Last Updated: 04/07/2006

Description

Alafaya Village is anchored by Super-Saver (Albertsons N.A.P.), Calico Jack's, Hungry Howie's Pizza and other Regional Tenants. Built in 1986, it is well maintained. The Seller's wil be resealing and striping the parking lot. The center has maintained full or near full occupancy during the 7 years of the current ownership.
The nature of the rent roll, full NNN leases, occupancy history, location, and ability to adjust rents upwards make this a stable and attractive investment.

Alafaya Village is located at one of the most heavily trafficked intersections in Orlando.It is located just minutes from the University of Florida (40,000 plus students), Florida's Research Park, and dense student and local housing.

Highlights

  • Four-Way Signalized Intersection
  • 8.4% Cash Flow
  • NNN Leases
  • Assumable $4,184,000 loan, 5.99%, due 8 yrs

Research

11790 East Colonial Drive, Orlando, FL 32817 (Orange County)

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