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 25,665 square feet. The Property is comprised of four buildings totaling 25,805 square feet. The Property is 90% 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.


Note: Spruce Creek Shoppes is being offered separately, but simultaneously by the same seller and can be purchased either individually or as a portfolio with Spruce Creek Professional Center.

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Attributes

Asking price
SEK 60,732,000
NOI
SEK 4,188,000
Building area net
2,397 m²
Occupancy
89.9%
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
  • 34.4% / 61.7% (5-Year / 10-Year NOI Growth)
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
11 Jul 2024