Highlights

On corner at Lighted intersection. Building underwen renovations including paiting, parking lot curbs, sidewalk, new pylon and building signs underway.

Description

Great visible strip center on a busy road in the Englewood - Grove City Market. Tenants can be increased in rents and all have 3% annual increases. Tenants include UPS/ FedEx shipping store, Cardiac concierge, Props for Home, Signs, Tobacco Store, Solar Store and women's clothing store.

Property Documents

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2961 Placida OM.pdf

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Listing Details

  • Cap Rate

    5.91%

  • Tenancy

    Multi

  • Space Type

    Retail

  • Sub Category

    Strip Centers

  • Sale Type

    Traditional Sale

  • Date Listed

    4/1/2025

  • Ownership Info

    Lago Capital Investments, Inc.

  • Investment Type

    Value Add

  • Net Operating Income

    $159,788

  • Ground Lease

    No

  • Parking Info

    58

  • Net Rentable

    13,385 SF

Property Specifics

  • Property Name

    San Casa Square

  • Property Class

    C

  • No of Buildings

    1

  • No of Stories

    1

  • No of Units

    11

  • Year Built

    1993

  • Building Size

    13,385 SF

  • Lot Size

    1.22 Ac

  • Year Renovated

    2023

  • Zoning

    CG

  • Occupancy

    100%

Property Amenities

Unit Amenities

Hardwood Floors
High Ceilings
Onsite Parking