Strip Center For Sale In Broward County - Producing Excellent Monthly Income $1,995,000
A10298931
Description for 101 S State Road 7 Plantation, FL 33317
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 $154,375 per year, netting $117,574 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 $164,343 per year or a 8.24% pro- forma cap rate.
Listing Information
Property Type: Other
Lot Size:0.73 Acres Price per Sq. Ft.:$62.84 Year Built:1966
Available Utilities:Separate Meters
Room Information
Exterior / Lot Features
Parking: 35 Parking Spaces, Assigned Parking Space
Pool:None
Driving Directions
South of Broward Blvd on US 441 / S State Rd 7
