8590 E CR-466
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8590 E CR-466
12,040 SF 100% Leased Retail Building Lady Lake, FL 32162 $6,600,000 ($548/SF) 4.26% Cap Rate
Investment Highlights
- Heavy traffic
- Located in The Villages
- 100% occupied with excellent tenants
Executive Summary
Multi-tenant retail center, 100% occupied by the Best Flooring Center, Johnny's Birdie Golf, Wood Kitchen and Coming (coming soon), and Village Discount Golf Car.
12,050 square feet on over 1.9 acres.
Located on a busy corridor in The Villages, C-466 with over 23,000 vehicles per day.
12,050 square feet on over 1.9 acres.
Located on a busy corridor in The Villages, C-466 with over 23,000 vehicles per day.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,040 SF
Building Class
C
Year Built
2008
Price
$6,600,000
Price Per SF
$548
Cap Rate
4.26%
NOI
$281,140
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Land Acres
1.94 AC
Parking
66 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
192 FT on Cr-466 Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | D13-101 | Improvements Assessment | $1,352,820 |
| Land Assessment | $1,521,110 | Total Assessment | $2,873,930 |
PROPERTY TAXES
Parcel Number
D13-101
Land Assessment
$1,521,110
Improvements Assessment
$1,352,820
Total Assessment
$2,873,930
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Judd Dickerson -
Morris Realty & Investments, Inc
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8590 E CR-466
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