Regions Bank - Orlando, FL
7350 Lake Underhill Rd, Orlando, FL, 32822, US
MYR 15,878,000 | 355 m²
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 100% fee simple interest in Spruce Creek Professional Center. The Property is comprised of four buildings totaling 25,805 square feet. The Property is 100% leased to a diverse tenant roster primarily comprised of service, medical and professional office uses. The Property is situated on ±3.26-acres of land along the highly-trafficked US Highway 27 (38,000 VPD) in Summerfield (The Villages), Florida.
Spruce Creek Professional Center is strategically located in the heart of The Villages, a 33,000-acre community home to +145,000 residents. The Villages is the #1 selling master-planned community in the U.S. and the nation’s fastest growing metro, with 4.7% population growth from July 2022- July 2023.
Spruce Creek Professional Center represents the opportunity to acquire a well-located asset in a highly coveted Central Florida submarket with a diverse tenant roster and below market in-place rents at pricing substantially below replacement cost.