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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 $584k annually with a 8% actual capitalization rate. An investor can lease out the vacant units at market rates to increase the annual net income to $799,247, providing a strong 11% pro-forma cap rate. This prime location and value-driven pricing make it an unparalleled opportunity for investors.
Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Broward County Public Schools's official locator to confirm.