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Triple Crown Plaza
11100 SW 93rd Court Road, Ocala, FL 34481
N/A
28,055 SF
Retail
Neighborhood Center
Investment
2%
7.30%
90%
Multiple
2006
3.05 AC
-
Last Verified 6/20/2008
Listing ID 15737806
Highlights
Propety fronts state road 200- Located next to entrance to new Super Walmart
- 2006 Construction - ease of managment, no capital costs, new lease terms
- Net Operating Income based on 7% vacancy rate
- Earn Over 9% cash on cash return
- All NNN leases with 3 % to 4 % annual increases
Description
Great, fully leveraged non recourse loan just put in place. 3 years Interest only @ 6.5%, 10 years fixed, 30 year Amort, 1/2 point assumption. The Center consist of 28,055 sf and was constructed in 2006. The center is currently 90% occupied by 11 tenants. IHOP, Beef O Bradys, Lange Eye Care and AT&T wireless are a few of the major tenents in the center. Great non recourse debt has already been placed on the property and is only 1/2 assumption fee with 3 years interest only payments.
Strategically located on SR 200 and CR 484 in Ocala, FL. It is located directly next to a newly constructed Super Walmart. Also next to a new Chili's restaurant, Bob Evans, Star bucks, Belks Outlet. It is within a couple of miles of several big residential developments, On Top of the World, The Oaks, and Marion Oaks.
Map of 11100 SW 93rd Court Road, Ocala, FL 34481 (Marion County)
Created 6/2/2008
Additional Information for 11100 Sw 93rd Court Road, Ocala, FL 34481
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The information above has
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confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
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property to determine to your satisfaction the suitability of the property for your needs. TB-P