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Propiedades

Descripción de la Propiedad

Freedom Building shopping plaza is located in desirable Plantation Florida, and well positioned on 441 with over 80,000 cars per day. This shopping center is surrounded by several new multi-family projects, new credit tenants, and new office parks.
This plaza consists of 9 bays totaling 9800 sf of leasable space, and is 100% occupied. All tenants are on NN double net leases with annual increases. This property is currently grossing $155,307 per year, netting $109,745 per year. Legacy tenants are under market value paying on average $11.60 a foot net. The average leasing rate in this area is $16 a foot net. A new investor can easily re-tenant this property raising rents to $16-$18 p/sf NN. This increase would provide an investor with $201,144 per year or a 8.24% pro- forma cap rate.

Features
Address Map
US
FL
Broward County
Plantation
33317
Additional Information
3760
504112010110
$22,436
2016
Coconut grove
Ponce de leon
Coral springs
$63
31,746 Sqft
1

101 S State Road 7

Plantation, Florida 33317

31,746 Sqft
$1,995,000
ID del Listado #A10298931
Basic Details
Tipo de Propiedad : Commercial Property
Prop Type/Type of Building : Retail space, Shopping center
Tipo de Listado : For Sale
ID del Listado : A10298931
Precio : $1,995,000
Vista : Garden view,other view
Year Built : 1966
Área del Solar : 31,746 Sqft
Estado : Active
Agent info
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