19 Units
195,826 SF
31.45 acres
1 buildings
1 stories
Built in 1981
Contact Agents
Property Documents
Share This Property
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
- 195,826 RSF Plaza | 31.45 Acres +/-
- Value-Add Opportunity at 74% Occupancy
- Nearly $3MM in Improvements in Last Four Years
- Conveniently Surrounded by Walmart Supercenter, Winn-Dixie, Publix, Save-A-Lot, Home Depot, and Lowe's
- On N State Road 19, Which has 20,300 Vehicles Daily
- Ample Parking | Three Access Points on SR-19
- One Mile From St. Johns River State College and Putnam Community Medical Center
- Planet Fiteness, Petsense, Marshalls, and Five Below Have Backfilled the Former K-Mart Next to Publix Just Down the Street
Key Metrics
Cap Rate Current Year:
9.04%
Cap Rate Year 1:
11.29%
Leveraged Cash-on-Cash Return Current Year:
15.19%
Leveraged Cash-on-Cash Return Year 1:
21.62%
DSCR (Current)
2.43
DSCR (Year 1)
3.03
Price/ SF
$45.93
Listing Agents:
Ray Turchi
David Vaughan
Ray Turchi
(407) 557-3847
David Vaughan
(407) 557-3829