27,467 SQ. FT. SHOPPING PLAZA-21846

 
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Julie Abolafia

Capital Commercial Real Estate Group

Office Phone: 954-455-3366270

Cell Phone: 954-918-4902

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Published on: Tuesday, June 17, 2014 11:37:33 AM
Updated on: Tuesday, June 17, 2014 11:46:28 AM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30838

Status: Accepting Offers

Financing: Owner Financing

Occupancy: 64%

Year Build: 1984

 

Building Size: 274,667 SqFt

Lot Size: 2 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: 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.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 5.15

Commission Split (%): 3

Complete Details


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.

Additional Properties


Property Tenants
  • LONG TERM LOCAL AND NATIONAL TENANTS
Property Highlights
  • PRICE PER SQ. FT. $104.00
  • OWNER FINANCING AVAILABLE!
  • CONSIDERABLE UPSIDE
Features
  • CORNER LOCATION

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$340,737.00
$0.00
$111,948.00
$228,789.00
$0.00
0%
Cash Flow for Current Listings
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