“The Park” at Holiday Island has approximately 128,000 square feet of rented space with a 95% occupancy rate. The Park has over 50 tenants, and it is supported by a consumer base of 50,000 within a 20 mile radius. The businesses located in the Park basically have a monopoly on the local retail, medical, and business services.
The Park building properties under and for lease are retail, professional, medical, office, and storage facilities. Land at The Park also consists of 10 acres of developed, but not subdivided property. As is, these lots are valued at $250,000 to $450,000. After further development of these properties, depending on the type and extent, these properties are expected to fetch a multiple of its “as is” value.