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124K SF RETAIL CENTER - SELLER FINANCING!!! 5019 Edgewater Dr
124,380 SF 80% Leased Retail Building Orlando, FL 32810 $27,391,260 CAD ($220 CAD/SF) 7.70% Cap Rate
Investment Highlights
- 124,000 SF RETAIL CENTER
- SELLER FINANCING OFFERED TO QUALIFIED PURCHASER
- LOCATED IN OPPORTUNITY ZONE
Executive Summary
Offering includes:
• 16-acres MOL (Two Properties)
• 124,000 SF Retail Building (118,000 SF Strip Center plus 5000 SF Building in rear)
• (2-acres in rear of Retail Center is dedicated to new Outdoor Storage business)
• Zoning: C-3 (Opportunity Zone)
• Land Use: Office/Retail/Storage/Warehouse
• Parking Spaces: 450 +/-
• Traffic Count: 37,000 AADT
Currently the retail center is 100% Occupied with a long-term steady tenant base. There are only three longer term tenants, with lease extending into 2030’s through extensions. Current revenue is:
• $1,573,485 Gross Revenue
• NNN (Except for USPS -$60,000)
• $1,513,485 NOI
Future Development:
Future expansion/development: Zoning permits a multitude of multifamily, commercial, medical options.
Opportunity Zone: These properties are located within an Opportunity Zone providing a tax incentive for Investors and Developers. Visit www.eig.org. It is advised to consult with a CPA, Attorney, or other professional who can provide advice on Opportunity Zones.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Unlock the potential of this prime 3,000 square feet retail space at Northgate Plaza, Orlando. Benefit from unparalleled visibility and proximity to the bustling Packing District, ensuring steady traffic and customer attention. Ideal for launching or expanding your retail venture in a dynamic, high-traffic location.
Discover limitless possibilities in this expansive 8,540 square feet unit at Northgate Plaza, Orlando. With its prominent visibility and strategic location near the Packing District, this space offers ample room to showcase your retail concept. Join a thriving community of businesses and seize this opportunity to make a lasting impression.
| Space | Size | Space Use | Position | Available |
| 5041 | 3,000 SF | Retail | In-Line | Now |
| 5043 | 8,540 SF | Retail | - | Now |
| 5049 | 12,740 SF | Retail | - | Now |
5041
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5043
| Size |
| 8,540 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5049
| Size |
| 12,740 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5041
| Size | 3,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Unlock the potential of this prime 3,000 square feet retail space at Northgate Plaza, Orlando. Benefit from unparalleled visibility and proximity to the bustling Packing District, ensuring steady traffic and customer attention. Ideal for launching or expanding your retail venture in a dynamic, high-traffic location.
5043
| Size | 8,540 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Discover limitless possibilities in this expansive 8,540 square feet unit at Northgate Plaza, Orlando. With its prominent visibility and strategic location near the Packing District, this space offers ample room to showcase your retail concept. Join a thriving community of businesses and seize this opportunity to make a lasting impression.
5049
| Size | 12,740 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 29-2203-5844-00-450 | Improvements Assessment | $6,492,307 CAD (2023) |
| Land Assessment | $4,576,941 CAD (2023) | Total Assessment | $11,069,248 CAD (2023) |
PROPERTY TAXES
-
Benny Spensieri -
CRES Corp International, LLC
Presented by
124K SF RETAIL CENTER - SELLER FINANCING!!! | 5019 Edgewater Dr
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