10935 177th Pl Summerfield, FL 34491-8975

Property Details for 10935 177th Pl

Year built

1996

Construction

WOOD FRAME

Lot size

3.26 lot acres

Property size

6,400 SF

Zone code

B2

Property type

Commercial real estate

APN

6001-000-002

APU

6001000002

Description

This exceptional 25,805 square foot shopping center in Summerfield, Florida, presents a compelling investment opportunity. Boasting a 100% occupancy rate with 17 tenants, including Edward Jones and State Farm, this stabilized property generates a strong net operating income (NOI) of $460,992, yielding an 8.02% cap rate. The single-story building, constructed in 1995, sits on a 3.26-acre lot and is strategically located on a highly trafficked roadway, US Highway 27, with 38,000 vehicles per day. Its prime location within the rapidly growing Villages community, near major retailers like Target, Publix, and Walmart, ensures consistent demand and potential for future rental rate increases. The asking price is $5,750,000, translating to $222.83 per square foot. This well-established property offers a diverse revenue stream and significant upside potential due to below-market rents and the area's robust growth. The property's strong tenant roster and proven ability to increase rental rates upon lease rollover provide an excellent inflation hedge. This is a rare opportunity to acquire a high-performing asset in a thriving Central Florida market.

Location Insight

City

Summerfield

County

Marion

State

Florida

Longitude

-81.9715

Latitude

28.9649

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments