7100 W Commercial Blvd
7100, Commercial Blvd, Fort Lauderdale, FL, 33319Basics
- Category: CommercialSale
- Type: Office
- Status: Active
- Bathrooms: 0
- Lot size: 115998, 115998 sq ft
- Year built: 1984
- County: Broward
- MLS ID: A11733784
Description
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Description:
COMMERCIAL BOULEVARD SHOPPES NO 2 107-43 B LOT 8,9 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.
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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
Ask our real estate expert about this property
This Office-type commercial real estate is located in 7100, Commercial Blvd, Fort Lauderdale, FL, 33319 was built in 1984, and is listed at $7,250,000.