Amazing opportunity to buy commercial real estate in prime Longwood at a current 7.5% cap rate. The property sits on 0.6 acres in the heart of Longwood's commerce park and has approximately 25 parking spaces. Property consists of eight 1,000 sq ft units - all leased to different tenants. Very close to major highways, restaurants & shopping centers. Most units have been tenanted since 2012 at 6$/ft MG. The expenses and maintenance are low and simply re-leasing at market rates would bump this to a 9% cap with ease. A great return whenever you decide to sell.
Value Add, Check. Multi-tenant, Check. Long-Term Tenants, Check. Low Price per Foot, Check. Solid Current Cap Rate, Check.
This is an excellent investment opportunity.