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$ 7,250,000
Est. payment /mo
Price Dropped by $645K
7100 W Commercial Blvd Fort Lauderdale, FL 33319
33,178 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 33,178 sqft
Price per Sqft $218
MLS Listing ID A11733784
HOA Y/N No
Year Built 1984
Annual Tax Amount $59,181
Lot Size 2.663 Acres
Property Sub-Type Office
Property Description
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.
Location
State FL
County Broward
Area 3650
Exterior
Private Pool Yes
Others
Tax ID 494115140080
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11733784
Listed by RE/MAX 5 Star Realty