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Plaza Royale
2625 Barna Avenue
Titusville, FL 32780
12,244 Sq. Ft.
Property Facts
| Building Area: | 12,244 Sq. Ft. |
| No. of Units: | 11 Units |
| Unit Range: | 750 - 1,502 Sq. Ft. |
| Year Built: | 1985 |
| Construction: | Concrete Block Stucco |
| Roof: | Asphalt Shingle Roof |
| Utilities: | City Water/Septic |
| Power: | FPL Electric |
| Zoning: | CC— Community Commercial Permitted uses include: Retail office, medical, fi-nancial institutions, and |
| Lease Type: | Gross |
Property at Purchase
| Purchase Price: | $500,000.00 |
| Purchase Price PSF: | $33.78 |
| Occupancy at Purchase: | 50% |
| Average Rent PSF At Purchase: | $6.00 PSF |
After Renovation and Transformation
| Cash Out Via Financing and Insurance Recovery: | $650,000.00 |
| Current Replacement Cost Value: | $225 PSF |
| Occupancy After One Year of Ownership: | 100.00% |
| Average Rent PSF After Renovation: | $13.50 PSF |
| Renovation Capital Expenditures: | $15.00 PSF |
