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Ash Street Center 
1225 East Ash Street
Piqua, OH 45356
County: Miami
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(954) 776-7900 Ext: 2220 |
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Florida Equities, LLC
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| Property Use Type: | Investment |
| Type: | Shopping Center
Strip Center |
| GLA: | 9,600 SF |
| Lot Size: | 65,341 SF |
| Occupancy: | 67.00% |
| Price: | $2,112,000 |
| Price/SF: | $220.00 |
| Cap Rate: | 7.50% |
| Year Built: | 2005 |
| Date Last Verified: | 7/10/2008 |
| Property ID: | 15215785 |
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Property Description:
Ash Street Center is a 9600 square foot shopping center located in Piqua, Ohio. The center is currently 46% occupied all with NNN leases. As evidenced in the photographs, this center is in top condition as it was just completed in the 4th quarter of 2005. This location is being sold without the vacant parcel behind the center. The current tenant list includes LA Tan, Subway, Advanced America and Verizon Wireless. Please see the attached marketing package
Location Description:
This building is conveniently located 1/2 mile east of I-75 on State Route 36. The immediate area surrounding this center includes stores such as Wal-Mart Superstore, PetLand and The Home Depot. Additionally, the area includes a large amount fast food restaurant locations.
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| • | New Building | • | Great Location |
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Financial Summary
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Proforma
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| Year: | 2007 |
| Scheduled Gross Income: | $206,592 |
| Effective Gross Income: | $206,592 |
| Net Operating Income: | $158,400 |
| Pre-Tax Cash Flow: | $158,400 |
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| Tenancy Type: Multiple |
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| Subway |
SF Occupied: 1,600
Lease Expires: 11/1/2010
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| Advanced America |
SF Occupied: 1,400
Lease Expires: 1/1/2011
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| Verizon |
SF Occupied: 1,600
Lease Expires: 5/1/2011
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| LA Tan |
SF Occupied: 2,000
Lease Expires: 3/1/2013
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| Debt & Equity Information |
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No Debt & Equity Information Provided
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6/27/2007
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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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