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MLS # :A11733784 |
Price :$7,250,000 |
Status :
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Listing Date :Jan 28, 2025 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1984 |
Taxes :$59,181 Per Year |
Waterfront :No |
Virtual Tour :
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Remarks :This prime location offers signage, excellent visibility and accessibility, positioned along a bustling commercial corridor with proximity to major roadways such as Florida’s Turnpike and University Drive. The property comprises 33,178 SF of office space, situated on a 115,998 SF lot with 85 parking spaces, offering a total of 20 units within this corporate center. The property also offers 7,000 SF of contiguous space, ideal for an owner-user while maintaining income from the remaining tenants. Currently 78% occupied by twelve tenants, the property generates $341,276 annually with a 4.7% actual capitalization rate. An investor can lease out the vacant units at market rates to increase the annual net income to $585,980.87, providing a strong 8.1% cap rate. This prime location and value-driven pricing make it an unparalleled opportunity for investors. |
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Call: 305-998-9922
Sunny Realty
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