Real Estate

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Abba Services currently works in real estate in the following types of property:

  • Homes
  • Commercial land
  • Acreage
  • Commercial buildings

We have been developing and buying class B shopping centers, large ranches, and/or commercial tracts to develop into smaller parcels for several years.  Since November of 2011 we have been purchasing residential foreclosures as well.

The following is a brief of a few offerings worth looking at, we own a few and others are through friends, brokers, etc for details email a request, thx

Stan Smith 407-832-6422, stanabba@gmail.com

We have a few homes and a quad for sale in Sanford and Daytona, 3/1 $52K-rent $750, 2/1 $72k-rent $850, 6/2 $69k-rent $1,050 , quad in Daytona $129k-rent $2,500+

—Bulk Land/Land banks, Hunting preserves

  1. Two parcels 40,000 acre asking $1,850 per acre, has a creek running through it 40% wet and 18,000 acres at $850 per acre, (2,000 acre no easements, pasture, hammocks 17,000+ acres Conservation easement), bunkhouse, ideal for hunting preserve, etc. Just sold 1,000 acres next door, with lots of wetlands, no road frontage for $2,500 per acre. S Florida
  2. 1,900 acres, 10-15% is dry, near Flagler Estates, great for Hunting preserve and partial development, asking $1,400,000. Flagler County Florida.

Commercial Land and development opportunities

  1. 17 acres zoned commercial 12900 Reams Rd. Windermere Fl. across from the Disney World employee entrance. 8.59 acres-dry, 7.62 acres-wet land, currently have low. Offer ASAP
  2. Several commercial parcels by Wal-Mart/Walgreens in Osteen/Deltona, FL, 5.75 acres Deltona/Osteen area, lots of new road work in the area, across from a Wal-Mart behind another building, rezone to light commercial $650,000, land bank and sell to users in about 12 months for  $200,000 per acre (local listing $300k to $800k per acre).
  3. 65+ acres PD-Commercial retail/office, $3,900,000, Across from 2,000+ new homes being developed, sewer/water being brought to the parcel, new 4 lane. Interested buyers for portions of the property include-Drs 20 acres, 2.2+mil, assisted living 10 acres, 1.7+ mil, church on back 5 ac price TBD, retail builder 10+ acres (90 day look), 1.5 acre gas-$550k. no room on commission must be paid by buyer to me and any co-broke. Central Florida.
  4. Golf course community and commercial properties, developer has $25mil in it, selling for $6.75m, consider JV, etc. Includes an 18 hole golf course, club house, pool, etc, 224 homes built, 945+ lots entitled plus 129 lots are improved ready to sell, some infrastructure started on other lots and 20+ acres of commercial land. One mile off I-75 in GA.
  5. 110 acres, $18 mil, approved for 80 acres @ 4 units per acre, 30 acres commercial/retail (20 acres could be multifamily). Quality location, no more like this, closest retail is 7 miles away, by medical city, Osceola County, FL.
  6. ACLF project Orlando area
  7. 35+ acre approved PD near medical city/Lake Nona (Orlando)
  8. Senior living facility site, 85 units, 30-40% profit, JV wanted, contract, management, marketing, financing, all in place.  Ideal for assisted living or independent living, huge need in the area.  Good area about $1.1 mil.
  9. 77 unit mobile home park

Retail

  1. Publix, south Florida, a few medical/office tenants, 7.63% cap,  $10,000,000+, 80,000 + sq ft, 96%+ occupied.
  2. Fred’s Pharmacy, $1,490,000, 8.6% cap rate, term 9 yrs, 5% increase in Opts, in KY
  3. HH Greg Shadow center to Wal-Mart/Sam’s club, 8% cap, assumable loan 4.25%
  4. Reassemble majority ownership in a 155,000 sq ft. plaza buy 23,000 sq ft  $1,200,000, 24,500 $1,450,000 and lender foreclosed 33,000 sq ft,  (still negotiating price around $1,600,000) for majority ownership, all at about 10% cap rate based on current income (includes a few vacancies and below market rents), lots of up side. Sanford, FL.

Apartments

  1. $2,300,000, 100 units in FL 98% leased, section 8 potential, $22,000 gross monthly
  2. 7 units, special age/income requirements, 5 units rented, expenses are way high, $48,000 Gross income, they show $25k expenses.
  3. 120 units, Denver Co, prefers JV, over 15% return on a 90/10 split.

Notes

  1. Good quality nonperforming notes that can be converted to performing with some work, smaller banks form $500k to $100 mil, already have a track record of success in this.

 

Now his master saw that the LORD was with him and how the LORD caused all that he did to prosper in his hand.   

Genesis 39:3

*Subject to change, errors and omissions*