Shopping Strip
Skylark Plaza
1601 NE 25th Ave, Ocala, FL 34470
Listing Price: $5,675,000
Cap Rate
7.00%
Rentable SF
86,011
Lot Size
10.62 acres
Year Built
1986
Investment Overview
86,011 Rentable Square Foot Mixed-Use Plaza | Situated on Large 10.62 Acre Parcel
Skylark Plaza
Investment Highlights
- 86,011 Rentable Square Foot Mixed-Use Plaza | Situated on Large 10.62 Acre Parcel
- Heavy Value-Add Potential Through Lease-Up & Below Market Rent | 71% Occupied and Rents 40% Below Market on Average (Per Costar)
- Currently Leased to 11 Tenants with Most Offering Annual Rent Increases
- Priced Well Below Replacement Cost at $66/SF
- Recent 24,050 SF Vacancy Offers Flexibility for New Anchor Tenant(s) or Subdividing and Pushing Rental Rates on Smaller Units
- Strong Mix of Government, Medical & Retail Tenants
- Recent Major Capital Expenditures Include: Interior Renovations for Tenant Renewals, 25% Roof Replacement, Parking Lot Seal & Stripe (See Agent for Further Details)
- NE 25th Avenue and NE 14th Street Provide Great Access to Property
Exclusively Listed By
Financing By
Listing Price: $5,675,000
Cap Rate
7.00%
Rentable SF
86,011
Lot Size
10.62 acres
Year Built
1986
Investment Highlights
- 86,011 Rentable Square Foot Mixed-Use Plaza | Situated on Large 10.62 Acre Parcel
- Heavy Value-Add Potential Through Lease-Up & Below Market Rent | 71% Occupied and Rents 40% Below Market on Average (Per Costar)
- Currently Leased to 11 Tenants with Most Offering Annual Rent Increases
- Priced Well Below Replacement Cost at $66/SF
- Recent 24,050 SF Vacancy Offers Flexibility for New Anchor Tenant(s) or Subdividing and Pushing Rental Rates on Smaller Units
- Strong Mix of Government, Medical & Retail Tenants
- Recent Major Capital Expenditures Include: Interior Renovations for Tenant Renewals, 25% Roof Replacement, Parking Lot Seal & Stripe (See Agent for Further Details)
- NE 25th Avenue and NE 14th Street Provide Great Access to Property
Investment Overview
86,011 Rentable Square Foot Mixed-Use Plaza | Situated on Large 10.62 Acre Parcel
Exclusively Listed By
Financing By
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