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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
MLS Listing ID A11733784
HOA Y/N No
Year Built 1984
Annual Tax Amount $59,181
Lot Size 2.660 Acres
Acres 2.66
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 $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.
Location
State FL
County Broward
Area 3740
Region Fort Lauderdale
City Region Fort Lauderdale
Interior
Fireplace No
Others
Pets Allowed No
Tax ID 494115140080
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11733784
Listed by John DeMarco RE/MAX 5 Star Realty
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