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900-958 N Suncoast Blvd
Crystal River, FL 34429
South Square Plaza · Commerce de détail Propriété À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Exceptional Frontage, 401 Feet, And Visibility Off US-19 (32,000 VPD) Make South Square A Premier Retail Destination For Tenants And Consumers Alike
- Crystal River Is Undergoing Tremendous Growth With A Seven Percent Population Increase Since 2020, And A Projected 15% Population Increase
- Below Market Rents Paired With Primarily Gross Leases Offer An Opportunistic Investor A Critical Value-add Component
- Elite Parking Ratio Of 5.32 Paired With Multiple Points Of Ingress And Egress Help To Attract Top Tenants In The Market
- A Unique Blend Of Retail And Self-Storage Positions This Asset To Greatly Benefit From The Influx Of People Projected To Migrate To Crystal River
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present South Square, a versatile retail and storage center located in the heart of Crystal River, Florida—a rapidly growing Gulf Coast community experiencing significant population and economic growth. The property features 401 feet of frontage along US-19 (32,000 VPD), providing strong visibility and direct connectivity to the surrounding trade area and Florida’s Nature Coast.
Currently leased at below-market rents on primarily gross leases, South Square offers investors immediate in-place income with a clear value-add opportunity through strategic lease restructuring and rent adjustments. The property’s elite 5.32 parking ratio, multiple ingress and egress points, and positioning appeals to both tenants and consumers alike.
Crystal River is undergoing a 7% population increase since 2020 and is projected to grow another 15% over the next five years, driven by in-migration and expanding infrastructure. The asset is strategically positioned to capitalize on this growth, with a diverse tenant base, a unique retail-storage format, and limited new supply in the market. With its strong fundamentals, South Square is exceptionally well positioned to deliver both stable cash flow and long-term appreciation.
Currently leased at below-market rents on primarily gross leases, South Square offers investors immediate in-place income with a clear value-add opportunity through strategic lease restructuring and rent adjustments. The property’s elite 5.32 parking ratio, multiple ingress and egress points, and positioning appeals to both tenants and consumers alike.
Crystal River is undergoing a 7% population increase since 2020 and is projected to grow another 15% over the next five years, driven by in-migration and expanding infrastructure. The asset is strategically positioned to capitalize on this growth, with a diverse tenant base, a unique retail-storage format, and limited new supply in the market. With its strong fundamentals, South Square is exceptionally well positioned to deliver both stable cash flow and long-term appreciation.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
27 440 pi²
Classe d’immeuble
C
Année de construction
1984
Prix
6 225 255 $ CAD
Prix par pi²
226,87 $ CAD
Taux de capitalisation
5,61%
Revenu net d’exploitation
349 453 $ CAD
Pourcentage loué
84%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,25
Taille du lot
2,48 AC
Zonage
GNC
Stationnement
140 places (5,1 places par 1 000 pi² loué)
Façade
Impôts fonciers
| Numéro de lot | 17E-18S-34-0000-44110 | Évaluation des bâtiments | 1 267 744 $ CAD |
| Évaluation du terrain | 484 958 $ CAD | Évaluation totale | 1 752 703 $ CAD |
Impôts fonciers
Numéro de lot
17E-18S-34-0000-44110
Évaluation du terrain
484 958 $ CAD
Évaluation des bâtiments
1 267 744 $ CAD
Évaluation totale
1 752 703 $ CAD
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