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2553-2565 Park Dr 10,623 SF 100% Leased Retail Building Sanford, FL 32773 $1,925,868 CAD ($181.29 CAD/SF) 7.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- Multiple Tenants
EXECUTIVE SUMMARY
- **Strong Current Performance**: Generating an attractive 7.12%+ cap rate at the asking price
- **Value-Add Opportunity**: Leases approaching term end within a year, presenting the perfect timing for rental rate adjustments
- **Below-Market Rents**: Current tenants secured at below-market rates, setting the stage for immediate value enhancement
- **Prime Location**: Situated in the growing Sanford market, benefiting from increasing consumer activity and population growth
- **Diverse Tenant Mix**: Variety of established businesses ensuring steady cash flow and reduced risk
- **Upside Potential**: Excellent opportunity to increase NOI through strategic leasing and property improvements
This retail center represents a rare find in today's market - a stabilized asset with clear pathways to value appreciation. The current below-market rents provide an immediate opportunity to boost returns as leases roll over within the next year.
- **Value-Add Opportunity**: Leases approaching term end within a year, presenting the perfect timing for rental rate adjustments
- **Below-Market Rents**: Current tenants secured at below-market rates, setting the stage for immediate value enhancement
- **Prime Location**: Situated in the growing Sanford market, benefiting from increasing consumer activity and population growth
- **Diverse Tenant Mix**: Variety of established businesses ensuring steady cash flow and reduced risk
- **Upside Potential**: Excellent opportunity to increase NOI through strategic leasing and property improvements
This retail center represents a rare find in today's market - a stabilized asset with clear pathways to value appreciation. The current below-market rents provide an immediate opportunity to boost returns as leases roll over within the next year.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,623 SF
Building Class
C
Year Built
1957
Price
$1,925,868 CAD
Price Per SF
$181.29 CAD
Cap Rate
7.12%
NOI
$137,214 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.64 AC
Zoning
GC2 - General Commercial
Parking
25 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-20-30-504-0600-0010 | Total Assessment | $715,304 CAD |
| Land Assessment | $180,406 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $534,898 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-20-30-504-0600-0010
Land Assessment
$180,406 CAD
Improvements Assessment
$534,898 CAD
Total Assessment
$715,304 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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2553-2565 Park Dr
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