Shopping Strip

West Oaks Square

9470 W Colonial Dr, Ocoee, FL 34761

Listing Price: $3,989,000

Cap Rate
8.01%
Gross SF
19,963
Rentable SF
19,963
Price/Gross SF
$199.82
Lot Size
4.70 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to exclusively offer West Oaks Square located in Ocoee, Florida (Orlando MSA). Ocoee is located in West Orange County approximately 8 miles west of Downtown Orlando. The property is strategically located across the street from a West Oaks Mall and is proximate to other major economic drivers including Health Central Hospital, Walmart Supercenter and City Center West Orange, a $400 million mixed use complex located approximately ½ west of the subject. This offering is a fully leased, convenience-based strip center originally constructed in 1996 and improved in 2020. Recent work includes a new parking lot stripe/seal, exterior paint, and landscape improvements. Based on current market conditions, a buyer could acquire this property with debt and realize a year-1 cash-on-cash return of 11.43-percent and total return of 16.00-percent after principal paydown.

Investment Highlights

  • Fully leased, convenience-based strip center with e-commerce resistant roster
  • Excellent Condition | Newer 1999 construction strip center with no visible deferred maintenance
  • Recent Improvements | Parking lot striped/sealed, recently painted and significant landscape improvements
  • Replaceable $17/SF Rents | Average market net rents exceed $20 per square foot
  • Excellent Returns | Low interest rates paired with the current offering allows for a 11.43-percent cash-on-cash return with a 16.00-percent total return

Exclusively Listed By

Listing Price: $3,989,000

Cap Rate
8.01%
Gross SF
19,963
Rentable SF
19,963
Price/Gross SF
$199.82
Lot Size
4.70 acres
Year Built
1999

Investment Highlights

  • Fully leased, convenience-based strip center with e-commerce resistant roster
  • Excellent Condition | Newer 1999 construction strip center with no visible deferred maintenance
  • Recent Improvements | Parking lot striped/sealed, recently painted and significant landscape improvements
  • Replaceable $17/SF Rents | Average market net rents exceed $20 per square foot
  • Excellent Returns | Low interest rates paired with the current offering allows for a 11.43-percent cash-on-cash return with a 16.00-percent total return

Investment Overview

Marcus & Millichap is pleased to exclusively offer West Oaks Square located in Ocoee, Florida (Orlando MSA). Ocoee is located in West Orange County approximately 8 miles west of Downtown Orlando. The property is strategically located across the street from a West Oaks Mall and is proximate to other major economic drivers including Health Central Hospital, Walmart Supercenter and City Center West Orange, a $400 million mixed use complex located approximately ½ west of the subject. This offering is a fully leased, convenience-based strip center originally constructed in 1996 and improved in 2020. Recent work includes a new parking lot stripe/seal, exterior paint, and landscape improvements. Based on current market conditions, a buyer could acquire this property with debt and realize a year-1 cash-on-cash return of 11.43-percent and total return of 16.00-percent after principal paydown.

Exclusively Listed By

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