Office
Ocala Main Office Center
2941 NE 3rd St, Ocala, FL 34470
Listing Price: $700,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Ocala Main
Office Center, a 10,000+ square-foot neighborhood office center located in Ocala, Florida.
Built in 1974 and situated on 1.56 acres, the property consists of two buildings with
excellent visibility along 3rd Street and East Silver Springs Boulevard. The plaza is 82% percent
occupied across seven suites, providing investors with immediate in-place cash flow in
one of Florida’s fastest-growing markets. The property is price well below replacement cost at $68.63 per SF
Ocala Main Office Center presents a compelling mark-to-market opportunity, with in place
rents averaging approximately $8.19 per square foot, well below the CoStar-reported
submarket average of $23.61 per square foot NNN. This gap represents more than 60
percent upside potential through re-leasing and renewals. Given the existing tenant base
and portfolio of lease expirations, the property is well positioned to capture substantial
rental growth and drive value creation over time.
Ocala Main Office Center
Investment Highlights
- High Traffic Counts | Over 25,000 VPD on East Silver Springs Boulevard And NE 3rd Street Providing Strong Daily Exposure
- Mark-To-Market Opportunity | In-Place Rents Average $8.19/SF Gross versus Costar's Submarket Average of $23.61/SF NNN, With Short-Term Leases and Renewal Options Providing Clear Path To Capture Upside
- Excellent Visibility & Access | 140+ Feet of Frontage Along 3rd Street With Prominent Visibility Along E Silver Springs Boulevard
- Rapid Trade Area Expansion | Population Within A Three-Mile Radius Is Projected To Grow By 16,000 (5.8%) Residents to 71,300 Residents by 2029
- Central Florida Market | Located In Ocala, One Of Florida's Fastest-Growing Regions, Benefiting From Both Local Household Demand And Regional Commuter Traffic
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
Listing Price: $700,000
Investment Highlights
- High Traffic Counts | Over 25,000 VPD on East Silver Springs Boulevard And NE 3rd Street Providing Strong Daily Exposure
- Mark-To-Market Opportunity | In-Place Rents Average $8.19/SF Gross versus Costar's Submarket Average of $23.61/SF NNN, With Short-Term Leases and Renewal Options Providing Clear Path To Capture Upside
- Excellent Visibility & Access | 140+ Feet of Frontage Along 3rd Street With Prominent Visibility Along E Silver Springs Boulevard
- Rapid Trade Area Expansion | Population Within A Three-Mile Radius Is Projected To Grow By 16,000 (5.8%) Residents to 71,300 Residents by 2029
- Central Florida Market | Located In Ocala, One Of Florida's Fastest-Growing Regions, Benefiting From Both Local Household Demand And Regional Commuter Traffic
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Ocala Main Office Center, a 10,000+ square-foot neighborhood office center located in Ocala, Florida. Built in 1974 and situated on 1.56 acres, the property consists of two buildings with excellent visibility along 3rd Street and East Silver Springs Boulevard. The plaza is 82% percent occupied across seven suites, providing investors with immediate in-place cash flow in one of Florida’s fastest-growing markets. The property is price well below replacement cost at $68.63 per SF Ocala Main Office Center presents a compelling mark-to-market opportunity, with in place rents averaging approximately $8.19 per square foot, well below the CoStar-reported submarket average of $23.61 per square foot NNN. This gap represents more than 60 percent upside potential through re-leasing and renewals. Given the existing tenant base and portfolio of lease expirations, the property is well positioned to capture substantial rental growth and drive value creation over time.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
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