Basics

Description

  • 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. COMMERCIAL BOULEVARD SHOPPES NO 2 107-43 B LOT 8,9

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Location Details

  • County Or Parish: Broward

Building Details

  • Structure Type: Office
  • Covered Spaces: 0

Expenses, Fees & Taxes

  • Tax Annual Amount: $59,181

Miscellaneous

  • List Office Name: RE/MAX 5 Star Realty

This SLS Brickell , style property located in , is a Real Estate listing and is available on Miami Real Estate & Miami Homes for Sale. This property is listed at $7,250,000, has bedrooms, 0 baths bathrooms, and has a area. This property was built in 1984.

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