Spruce Creek Professional Center_Property for Sale
Spruce Creek Professional Center_Property for Sale
10935 Southeast 177th Place, Summerfield, FL

Spruce Creek Professional Center

Asset Description

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.

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Attributes

Asking price
MYR 25,200,000
NOI
MYR 2,021,000
Building area net
2,397 m²
Occupancy
100%
Year built
1995
Land area net
1.32 ha

Media

Investment Highlights


  • Prime Location
  • Ideal Tenant Roster
  • Tenured, Well-Established Tenancy
  • Diverse Revenue Stream
  • Demonstrated Ability to Increase Rental Rates Upon Rollover
  • Inflation Hedge With Annual Increases
Spruce Creek Professional Center 4_Property for Sale
Spruce Creek Professional Center 4_Property for Sale

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Spruce Creek Professional Center (0 Properties)

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Last updated
9 Sep 2024