FL > Fort Lauderdale
Fort Lauderdale, FL 33319,7100 W Commercial Blvd
Fort Lauderdale, FL 33319,7100 W Commercial Blvd
Fort Lauderdale, FL 33319,7100 W Commercial Blvd
20
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$7,250,000
Est. payment /mo
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33,178 SqFt
Price Dropped by $645K

7100 W Commercial Blvd Fort Lauderdale, FL 33319

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Gustavo Pacheco

Gustavo Pacheco

+1(305) 492-9705

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 33,178 sqft

Price per Sqft $218

MLS Listing ID A11733784

HOA Y/N No

Year Built 1984

Annual Tax Amount $59,181

Lot Size 2.663 Acres

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 $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

State FL

County Broward

Area 3650

Exterior

Private Pool Yes

Others

Tax ID 494115140080

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11733784

Miami Association of Realtors (SEFMIAMI MLS)
Listed by RE/MAX 5 Star Realty

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Gustavo Pacheco

Gustavo Pacheco

Real Estate Specialist | License ID: 3187382

+1(305) 492-9705

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7100 W Commercial Blvd