Bought with Jason Nagassar CASTLE REALTY PROFESSIONAL GROUP LLC
$9,850,000
$9,850,000
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9537 W COLONIAL DR Ocoee, FL 34761
50,215 SqFt
Key Details
Sold Price $9,850,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 50,215 sqft
Price per Sqft $196
Subdivision West Oaks Towne Center 43/122
MLS Listing ID J993611
Year Built 2000
Annual Tax Amount $129,798
Lot Size 4.030 Acres
Property Sub-Type Retail
New Construction false
Property Description
Best Buy at
the
West Oaks
Town Center, Ocoee, FL. Best Buy is a BBB+ credit rated, long-term tenant. Built in
2000, the property offers 46,112 square feet of space on a 4.03-acre lot, with 291 feet of prime frontage
along
West Colonial Drive. It's in a high-visibility, high-traffic area that draws over 52,000 vehicles
day. The site is well-equipped with two exterior loading docks and 191 surface parking spaces,
providing convenience for shoppers. Best Buy recently renewed their lease for an additional five years,
offering a reliable net operating income of $589,200 annually, with one option for another five-year
extension. Located within the thriving Orlando MSA, this property is part of a vibrant retail corridor
with nearby national brands, making it a high-demand investment. The area is surrounded by strong
demographics, with over 233,000 residents within five miles and a median household income of more
than $63,000. Additionally, the growing population and large daytime workforce in the surrounding
area make this property a standout opportunity for investors.
Location
State FL
County Orange
Community West Oaks Towne Center 43/122
Area 34761 - Ocoee
Zoning C-2
Interior
Cooling Central Air
Building
Story 1
Foundation Slab
Structure Type Block
New Construction false
Others
Special Listing Condition None
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