1382 Howland Boulevard Deltona, FL 32738

Sold

1382 Howland Blvd.

1382 Howland Boulevard Deltona, FL 32738 1382 Howland Blvd

City:Deltona

Property Status: Sold

Miguel Pinto miguel@apexcapitalrealty.com

Tatiana Escobar tatiana@apexcapitalrealty.com

Price $6,750,000

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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 85% +/-. Current NOI is $533,886 and ProForma NOI is $586,643

Lot & Building Size Breakdown:

BUILDING SIZE: 51,218 SQ FT

LOT SIZE: 285,754 SQ FT (6.56 ACRES)

PARKING 5: 1,000 SQFT