Year Build: 1984
Building Size: 274,667 SqFt.
No of Stories: 1
Total Lot Area: 2.00 Acre
No of Parking: 0
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 64%
Full Description
Capital Commercial Real Estate Group is proud to offer for sale Powergate Shopping Plaza. This 27,467 SF neighborhood center with a GLA of 26,295 sits on 2.01 acres of land. Built in 1984, this property includes stable local and national tenants and is anchored by Dunkin Donuts. The current Cap Rate of 5.15% is due to a 36% vacancy and out of state owners. The property offers good exposure and high traffic count with ample parking and has substantial upside. Powergate Shopping Center is conveniently located at the corner of Powerline Road and Gateway Drive and is between Cypress Creek Road and Atlantic Boulevard. Strategically situated within an established commercial and residential market. Owner financing available!
CORNER LOCATION.