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Triangle Shopping Center 
864 N. Banana River
Merritt Island, FL 32952
County: Brevard
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(321) 720-5053 |
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Dealmakers Realty Inc
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| Property Use Type: | Investment |
| Type: | Shopping Center
Neighborhood Center |
| GLA: | 26,900 SF |
| Lot Size: | 2.55 Acres |
| Occupancy: | 96.00% |
| Price: | $2,824,500 |
| Price/SF: | $105.00 |
| Cap Rate: | 5.70% |
| Year Built: | 1970 |
| Date Last Verified: | 8/18/2008 |
| Property ID: | 14886804 |
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Property Description:
+/- 27000 SF Neighborhood Shopping center. Currently +/- 26,000SF under lease. 2.55 acres, lots of parking. Property could have a strong unside to the right investor. Zoning would allow for deveolpment to Multi-Family or other Commercial. Many up grades being compelted to property
Location Description:
Property located in upside residential area. Strong demographic, traffic count +/- 14,000 cars per day.
| No. Stories: | 1 | Property Types: | Neighborhood Center
Multifamily (land) |
| Commission Split: | 3.5% | | Retail (land) |
| | | Commercial/Other (land) |
| TaxID/APN: | 2437360 |
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Financial Summary
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Proforma
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| Year: | 2006 |
| Scheduled Gross Income: | $170,352 |
| Effective Gross Income: | $187,132 |
| Net Operating Income: | $139,500 |
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| Tenancy Type: Multiple |
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| Seeds of Abraham |
SF Occupied: 4,000
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| A& M |
SF Occupied: 2,240
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| LCG |
SF Occupied: 15,600
Lease Expires: 12/1/2012
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| Beauty Island |
SF Occupied: 1,200
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| Laundry |
SF Occupied: 1,500
Lease Expires: 1/1/2012
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| Debt & Equity Information |
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No Debt & Equity Information Provided
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11/16/2006
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| The information above has been
obtained from sources believed reliable. While we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisors. You and
your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for
your needs.
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