Orlando, FL

 Consultant on this Project: David Mc Gregor

Anchor Point
Built in 2005

Highlights

  • Anchor Point was completed in January 2006 and has 34,250 sf.
  • The center leased up at a rate of 5,000 square feet per month without advertising.
  • The development sits on 3.18 acres
  • This development was built without preleasing.

The principals of AmeriFirst participated in the construction/perm loan and the cash out refinancing of this asset.

Note:
The original owner still owns this asset. He is very satisfied with his double-digit returns.  They have not had a vacancy in two years. He does not want to sell.