Historical Retail Sale Listing - Alafaya Village

Retail For Sale

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Alafaya Village

11790 East Colonial Drive, Orlando, FL 32817

N/A

39,477 SF | Retail

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Retail Property - Off Market

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

Highlights

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

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.

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

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Created 6/30/2005