Oak Plaza 

923 E Oak Street | Arcadia, Florida 34266

Contact Brokers

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Evan Cannan
Investment Advisor 
Evan.Cannan@MarcusMillichap.com
(C) (727) 480-1362 

(O) (813) 387-4765
FL #SL3433461

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James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com

(O) 813-387-4788
FL #SL3216834

Highlights

  • Value-Add Opportunity - With one vacancy and slightly below market rents, Oak Plaza is well positioned for an investor to get in and immediately add value through multiple avenues.

  • Incredible Capitalization Rate - Given the current aggressive market conditions, Oak Plaza presents an extremely rare opportunity to acquire an asset at a 10.77% return on in-place income

  • Opportunistic Site - Priced and positioned to add value through future development or continuing to cash flow while leasing up the two vacancies and cleaning up the financials.

  • Recent Capital Expenditures - The property recently underwent a resurfacing of the parking lot as well as improvements to the signage.

  • Surrounded by National Retailers - Oak Plaza is well positioned on Oak Street which is home to many national retailers, including: Wells Fargo, Save a Lot, Walmart, Dollar Tree, Publix, Winn-Dixie, Dollar General, and Walgreens.

Description

Marcus & Millichap is pleased to present Oak Plaza, a rare opportunity for an investor to purchase a value-add shopping center in the submarket of Arcadia, FL. With one vacancy and slightly below market rents, Oak Plaza is well positioned for an investor to get in and immediately add value through multiple avenues. The site is priced and positioned to add value through future development or continuing to cash flow while leasing up the two vacancies and cleaning up the financials. Another key highlight to note is that the property recently underwent a resurfacing of the parking lot as well as improvements to the signage. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. Oak Plaza is well positioned on Oak Street which is home to many national retailers, including Wells Fargo, Save a Lot, Walmart, Dollar Tree, Publix, Winn-Dixie, Dollar General, and Walgreens.