Current Off Market Deals
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Multifamily
24 Multifamily Units North Florida, Just outside of Tallahassee $3.5 million Just over 3.2 acres 100% occupancy and has been for over the past six years Current NOI $235,000 Current Cap 6.71% 52 miles from Tallahassee and 20 miles from the beach 12 Units are 2/2 and have approximately a living area of 874 sq ft and a total of 978 sq ft 12 Units are 2/1 and have approximately a living area of 822 sq ft and a total of 902 sq ft 2016 build 24 Multifamily Units in Miami, FL $5.2 million C Class - 100% occupied 7% plus cap 8 units 2/1 16 units 1/1 21,000 SF The first floor will be delivered rehabbed and full rented The second floor will be vacant in 60 days, sale as is the second floor not in bad shape but not rehabbed. |
Land
16.89 Acres in West Melbourne, FL 16.89 acres: $4.64 million ($275,000 per acre) Commercial land Some of the uses for this land are Retail Stores, Clinics, Hospitals, Hotels, Banks, ALFs, Restaurants, Gas Stations, Dealerships, Churches, etc After the presentation of a formal offer, we can make arrangements to have a conversation with the city manager so the buyer can have access to the person who can provide direct information regarding the land use possibilities. 670 Acres in Crestview, FL Price per the seller is $9.38 million ($14,000 per acre) Zoned Agricultural Can be rezoned up to 4 single family units per acre As per our conversation with the county manager, there is a high interest in developing a highway (Yellow River tract) that goes through the south part of the 670 acres. That would also allow commercial development along the new highway. After the presentation of a formal offer, we can make arrangements for the buyer to have a conversation with the County Manager regarding the rezoning. 1876 Acres Land Project (North of Fort Walton Beach, FL) Price per the seller is $18.576 million (9,900 per Acre) This unique property has great potential for a large community. The large portion (1,543) Acres) has been a luxury high-fenced deer hunting ranch for decades. The highway frontage has commercial potential with single-family in the back on septic. Though zoning will allow four units per acre, that may not fit this location's best use - at this time. As you know, there's high demand for oversized lots (2 to 5 acres) away from cities, and this option is one to consider for this property. Extensive paved road frontage (1 1⁄2 miles of 393 & 3⁄4 mile CR 2) brings the possibility to zone the highway frontage for commercial. There is no sewer for the 1,876 acres to tap into, so the highest density for residential is four homes per acre with septic tanks. The 1,876 acres is raw land in need of infrastructure that will require adequate acreage. As per our conversation with the county manager, they assure us “we are developer friendly” that they are very interested in developing this area. |
Other
87 Beds Assisted Living Facility Project in Tampa, FL Price per the seller is $3 million Tampa has one of the highest retirement rates in the country 2 buildings project 1st building is almost finished (needs about $300.000 to get completed) The 2nd building will be built from scratch The construction cost for the project to be finished is $2,500,000 We have all the proper documentation in a pre due diligence package Appraisal, Completion Costs, Site Plan, Pics, Zoning, Congressional Support Letter The appraisal goes to state an as-is value of $26,600,000 after finishing the construction, staffing the facility and opening the doors to the public for business Monthly bed rates in the area run between $5,000-$7,000 per month Revenue between $5,000,000 and $7,000,000 a year CONDITIONS Price = $3,000,000 Escrow = $100,000 Due Diligence = 14 Days Closing = 14 Days 16,000+ SQ FT CLASS A NNN LEASED MEDICAL CENTER IN ORLANDO, FL $6 million 6% cap NOI: $359,476 16,023 SF 2008 built The Offering features a strong tenant mix with triple net (NNN) leases and attractive rent growth. This opportunity provides for a Best-in-Class investment with income growth of established leases in the desirable and hyper-growth Florida market. • Diverse tenant mix; • Below market rents – new leases provide for a value-add opportunity; • Strategically located off WCR-419, serving as the first-stop in and the last-stop out; • Excellent parking ratio (5.25/1,000); • Projected growth of $2,000,000/hour of estimated income moving in to Orlando MSA; • Projected annual rent growth of 8%; • New roof (2020), select new rooftop HVAC units (2019-2021), and extensive landscape renovation (2022); 100 plus rooms Hotel Conversion in Miami Beach, FL $28 million purchase price $12 million to renovate sits on about 21,000 sq ft Built in the 1960's 50,000 plus square foot - 6 stories |
You can email mike@offmarketworld.com or
text/whatsapp 305.796.0935 all requests with interest.
text/whatsapp 305.796.0935 all requests with interest.
