LAKE WALES PLAZA — Sale in Lake Wales, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Lake Wales, FL 33853
Photos
Investment Figures
- Cap rate
- 8.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Property’s Diverse Tenant Mix Generates Strong Consumer Traffic Investment Highlights: • 97,800 RSF Plaza | 87% Occupied | One Parcel 13 Acres • Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998 • Diverse Tenant Mix Includes Tax Collector of Polk County • Very Stable and Reliable Cash-Flow | 26% of GLA Leased to AAA Credit Government Tenants and 22% Leased to Regional and Medical Tenants • Value-Add Upside Through Vacancy Lease-Up, Below Market Rents and Potential Outparcels • Priced Substantially Below Replacement Cost ($114/SF) • Direct Frontage & Monument Signage Along State Road 60 | AADT 28,000 • Multiple Access Points from State Road 60
Market Context
This retail in Lake Wales, FL is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Lake Wales, FL — view the full market.
Estimated Price per SF
$45.82/SF – $333.26/SF
Mid: $138.86/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Ray Turchi · (407) 557-3847 · ray.turchi@marcusmillichap.com
- David Vaughan · (407) 557-3829 · david.vaughan@marcusmillichap.com
- Garrett Fierstein · (407) 557-3862 · garrett.fierstein@marcusmillichap.com
Explore this market
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