
$7,250,000 USD
Office for Sale, 7100 W Commercial Blvd, Fort Lauderdale, Florida 33319
- MLS#A11733784
Listed By RE/MAX 5 Star Realty
The Office for Sale located at 7100 W Commercial Blvd, Fort Lauderdale, Florida 33319 is currently for sale. 7100 W Commercial Blvd, Fort Lauderdale, Florida 33319 is listed for $7,250,000.
Property features
Lot/Land
- Land/Lot size:
10,777 m² (115,998 ft²)
Construction
- Year built: 1984
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 $341,276 annually with a 4.7% actual capitalization rate. An investor can lease out the vacant units at market rates to increase the annual net income to $585,980.87, providing a strong 8.1% cap rate. This prime location and value-driven pricing make it an unparalleled opportunity for investors.
Location
7100 W Commercial Blvd, Fort Lauderdale, Florida 33319