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1382 HOWLAND BLVD

1382 Howland Blvd, Deltona, FL 32738, USA
$6,750,000

Description

Apex Capital is pleased to exclusively offer the opportunity to acquire a highly sought-after Save A Lot anchored shopping center located in Deltona, Florida. 

The offer also includes a .7 acre outparcel which is located on the Southeast corner of the property. The shopping center offers significant exposure and is located at the signalized corner of Howland Boulevard & Courtland Boulevard. The property sits on a 6.56-acre lot and contains 51,218 SF GLA. 

Throughout the past 30 years, tenancy has remained stable, and occupancy has been high. An investor can capitalize on raising rents to market rate, filling a 7,500 SF vacancy, and the opportunity to build, or sell a .7 acre outparcel. The property features a parking ratio of 5:1,000 SF. Current occupancy is 83% +/-. Current NOI is $507,886 and Pro-Forma NOI is $586,643


PROPERTY OVERVIEW:
Property Type:
Shopping Center
Building Size:
51,218 Sq Ft
Lot Size:
285,754 Sq Ft (6.56 Acres)
Parking:
5:1,000 Sq Ft
Year Built: 
1991
Asking Price: $6,750,000

Property Documents

  • City: Deltona
  • State/county: Volusia
  • Country: United States

Detail

Updated on July 22, 2021 at 7:15 am

  • Price: $6,750,000
  • Property Size: 51218 Sq Ft
  • Land Area: 285754 Sq Ft
  • Year Built: 1991
  • Property Type: Retail
  • Property Status: For Sale

Contact info

Miguel Pinto
Miguel Pinto

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