Casandra Properties Inc. is pleased to exclusively offer the exceptional opportunity to acquire South Shore Commons Shopping Center (the "Property"), a strong-performing center in one of the highest performing demographics in Staten Island.
South Shore Commons offers the investor a unique value-add opportunity, with the ability to lease the remaining vacant spaces to quality tenants while relying on a dependable cash flow from the existing tenant mix. The Landlord has completed over $1,500,000 of market value capital improvements within this last year. This rare offering affords the prospective purchaser the opportunity to own a turn-key retail center in a strong market that is currently serving Staten Island's MULTI BILLION DOLLAR unmet demand.
This low maintenance masonry center is in excellent condition and is adjacent to Bricktown Commons. When combined the two busy power centers hold over 800,000 SF of the nation’s best retailers.
True 7.5% cap without projections. Approximately 20,000 SF of vacant space allows for significant increase in rent roll.