18,343 SF
4.84 acres
Built in 1979
Contact Agents
Property Documents
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Investment Highlights
- 18,343 SF Office Building
- Located Less Than Six Miles From Downtown Ocala
- Area of Increased Redevelopment
- Anchored by BB&T Bank - Highest Deposits in the 34488 Area Code; 11% Increase YOY
- Entrance Faces East Silver Springs Boulevard | Benefitting From Roughly 21,000 Vehicles Daily
- 87 Percent Occupied
- 2018 Completed Renovations / Upgrades
Key Metrics
Cap Rate Current Year:
9.00%
Cap Rate Year 1:
9.51%
Leveraged Cash-on-Cash Return Current Year:
14.10%
Leveraged Cash-on-Cash Return Year 1:
15.81%
DSCR (Current)
1.89
DSCR (Year 1)
2.00
Price/ SF
$179.22
Listing Agents:
Ray Turchi
David Vaughan
Ray Turchi
(407) 557-3847
David Vaughan
(407) 557-3829