$504,000 • living size area 4500 sqft

Spectacular opportunity! 10%+ cap rate. buy these 2 units or buy all 6 units for sale. these 2 units must be sold together. pipe dreams has been in the plaza since 1998, their lease runs through 8-31-25.they will sign a longer lease if needed. sanford plaza centrally located & close to everything. it is anchored by bravo foods, dcf (dcf subcontractor-cbc) & citi trends. cbc generates traffic from thousands of family-oriented customers weekly as it is the largest family services in central florida, servicing 3 counties. pipe dreams & the beauty salon have been in the plaza since it was remodeled around 1997. the ambassador church has been there for over 10 years. they also had a contract to purchase the building for 1 million plus. most tenants would like a longer lease but the rents are low & will increase so we will only negotiate longer leases if a buyer has a contract subject to said longer leases. the only expenses not covered by the condo association dues which have been consistent at $1.15 per square foot for years with well over a $100,000 reserve, are the roof & hvac. the leases typically require the tenants to cover the majority of the hvac expenses.the entire plaza is approx 155,000 sqft, located on 14 +/- acres. the sanford plaza has good traffic & great visibility to the greenway (417). the roof is mostly foam covered with small river rock, which protects from uv rays & adds a tremendous amount of insulation with high ceilings. unit 180, 240 & 250 have a sprinkler system.

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