120 Towne Center Blvd - Freestanding FOR SALE
Sanford, FL 32771 |
$2,523,077 USD
561-427-6699
120 Towne Center Blvd
Sanford, FL 32771
HIGHLIGHTS
- Located on the way to and from Seminole Towne Center Mall which is currently being redeveloped into a super-regional mixed-use project
- Full access from signalized intersection with prominent visibility along Towne Center Blvd. and pylon signage fronting SR-46 (35,500 VPD)
- Rent is secured by Mattress Firm (2,300 locations) and Optical Outlets (50+ locations) both with long-term corporate leases
- The building received a new roof in 2022 and 3 new HVAC units in 2023
- Fixed rental increases provides hedge against inflation
- Fee simple ownership allows for depreciation boosting after tax returns
FOR SALE DETAILS
PRICE
$2,523,077 USD
PRICE/SF
$360 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Value-Add Retail Center For Sale | 6.50% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
0.91 AC
LAND SF
39,640 SF
ZONING
PD
APN/PARCEL ID
29-19-30-504-0000-0040
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561-427-6699
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561-427-6699
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