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South Florida Financial Office Portfolio

Summary
  • Listing Price: $29,655,000
  • CAP Rate Current: 8.39%
  • Rentable Sq Ft: 161,235 SF
  • Lot Size: 381,416 SF (8.75 Acres)
  • Approx Year Built: 1986/1991 | 1987 | 1974
  • Price Per Sq Ft: $183.92
Investment Highlights
  • Purchase Price (With Loan Assumption): $29,655,000 – 8.39% CAP rate 
  • Purchase Price (Delivered Free & Clear): $32,500,000 – 7.66% CAP rate
  • 161,235 Square Feet of Institutional Quality Office Space
  • Located in Broward County, FL Core Suburban Sub-markets – Coral Springs, Pompano Beach, and Hollywood
  • Current Combined Occupancy of 91.33%
  • Two Bank-Anchored Properties – Bank of America and Regions Bank 
  • Easy Access to Major Thoroughfares – I-95, I-595, I-75, and Florida’s Turnpike
  • Strong Demographics – Average Population Exceeds 380,000 Within a 5-Mile Radius