Orlando Investor Group Purchases Central Ridge Plaza Retail Center In Lecanto For $4.77M

The property asset involved in this transaction is Central Ridge Plaza, a fully leased retail center located at 1184 North Lecanto Highway in Lecanto, Florida. The sale price for this asset was $4,770,000. The retail center features 10,800 square feet of space and a price per square foot of $442.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $4,770,000
• Square Footage: 10,800
• Address: 1184 North Lecanto Highway
• Market: Lecanto
• Cap Rate: 6.27%
• Tenants: Skechers, Firehouse Subs, Marco’s Pizza, Hair Cuttery

The key individuals involved in this transaction include Connor Barton, Patrick Nutt, and William Wamble, who represented the parties in the deal through SRS Real Estate Partners. The property was sold by a Florida developer to an Orlando-based investor group.