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John's Pass Village 111-179 Boardwalk Place w 53 853 pi² 100% Loué Commerce de détail Immeuble Madeira Beach, FL 33708 58 422 780 $ CAD (1 084,86 $ CAD/pi²) 7,50% Taux de capitalisation



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Faits saillants de l'investissement
- John’s Pass Village is a 95.3% occupied shopping plaza comprised of 19 tenants across 42,691 SF of retail space
- John’s Pass Village generates significant income from the parking garage (approximately $1.5M+ annually), along with hotel reservations
- John’s Pass Village & Boardwalk is Pinellas County’s top tourist attraction, with over 100 merchants and 3.1 million annual visitors
- Of the 19 tenants, 13 tenants have NNN recoveries, Bubba Gump Shrimp Co. has NN recoveries, and Hooters has percentage rent recoveries
- The property is spread across 4 buildings, providing investors the ability to carve out and create additional cash flow through a disposition
- The center is located in Pinellas County, the most densely populated county in the state of Florida
Résumé de l'annonce
RIPCO Real Estate is pleased to offer for sale John’s Pass Village, a ±53,853 SF commercial property located within John’s Pass Village & Boardwalk on the southeast corner of Gulf Boulevard and 129th Avenue West in Madeira Beach, FL. The property consists of ±11,162 SF of hotel space, ±42,691 SF of retail space, and a six-level parking garage with over 300 parking spaces which is open 24/7. 19 of the 20 retail spaces are currently occupied by a diverse group of tenants, including restaurants, gift stores, boat charters, and others. John’s Pass Village & Boardwalk is Pinellas County’s top tourist attraction, with over 100 merchants and 3.1 million annual visitors. This stretch of Gulf Boulevard where the property is located has an AADT of 22,000. Within 3 miles of John’s Pass Village, there is a population of 35,061 and an average household income of $133,236.
The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, located in Pinellas County, Florida’s most densely populated county, occupied by a diverse tenant mix, and located within John’s Pass Village & Boardwalk, Pinellas County’s most popular tourist attraction.
The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, located in Pinellas County, Florida’s most densely populated county, occupied by a diverse tenant mix, and located within John’s Pass Village & Boardwalk, Pinellas County’s most popular tourist attraction.
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Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
53 853 pi²
Année de construction/rénovation
1978/2008
Prix
58 422 780 $ CAD
Prix par pi²
1 084,86 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
4 381 721 $ CAD
Pourcentage loué
100%
Hauteur du bâtiment
3 étages
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 15-31-15-58320-002-0050 | Évaluation des bâtiments | 13 410 992 $ CAD |
| Évaluation du terrain | 8 680 798 $ CAD | Évaluation totale | 22 091 790 $ CAD |
Impôts fonciers
Numéro de lot
15-31-15-58320-002-0050
Évaluation du terrain
8 680 798 $ CAD
Évaluation des bâtiments
13 410 992 $ CAD
Évaluation totale
22 091 790 $ CAD
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John's Pass Village | 111-179 Boardwalk Place w
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