11790 East Colonial Drive
Orlando, FL 32817 ·
39,477 SF · Retail For Sale
|Gross Leasable Area||39,477 SF||No. Stories||1|
|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|
|Listing ID: 14255483||Date Created: 06/30/2005||Last Updated: 04/07/2006|
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.
- Four-Way Signalized Intersection
- 8.4% Cash Flow
- NNN Leases
- Assumable $4,184,000 loan, 5.99%, due 8 yrs
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