Heritage Commons
At-A-Glance
Sold June 2022
Sale Price: $8,869,000
Cap Rate: 4.29% (In-Place) / 6.15% (Proforma)
Represented: Seller and Buyer
Escrow Length: 29 Days
Highlights:
- Sold above asking price
- Multiple full price backup offers
- Located buyer within the first week of marketing the property
- Quick close - Total escrow length was 29 days from start to finish
Please reach out for more information:
Tom Chichester / tom@BLVDreic.com / 714-318-3955
Nick D'Argenzio / nick@BLVDreic.com / 818-281-7893
Opportunity
Highlights
INVESTMENT HIGHLIGHTS
- Brand new construction (2020) - State of the art building, no deferred maintenance
- Located at main intersection of Fortune Road and US-192 (over 62,400 vehicles per day at intersection)
- 100% occupied NNN investment opportunity - ease of management / ideal 1031 exchange property, with long-term 10 year leases
- Located at Entrance to Neo City ($1.2B Development) and across from new hotel & Heritage Park (600,000 Visitors)
- Adjacent Properties include 2 major Development projects including the Technology & Research Campus, and the Osceola Heritage Park
- Excellent visibility from both directions on US-192
- The County has approved $3.3M in Capital Improvements for Osceola Heritage Park to increase Sporting Events, Concerts and upgrade facilities directly surrounding the subject property
