Adam Feinstein - Commercial Real Estate Showcase

Adam Feinstein Property Listings
Executive Director
Cushman & Wakefield
200 S Biscayne Blvd
Suite 2800
Miami, FL 33131-2310
(305) 533-2863
(305) 375-0052

8030 - 8384 N Pines Boulevard - University Marketplace - University Marketplace

Pembroke Pines, FL 33024 - Southwest Broward Submarket

(823.7 KB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1986
Building Size:125,704 SF Land Area:7.13 AC (310,657 SF)
% Leased:
For Sale Price:$24,500,000 Price/SF:$194.90
Cap Rate:7.00 %
Smallest Space:1,300 SF Largest Space:2,600 SF Total Space Avail:5,200 SF Rent/SF/Yr:
Parking:1000 Surface spaces are available; Ratio of 7.95/1,000 SF Anchor Tenants:Dollar General
Features:Freeway Visibility, Property Manager on Site, Restaurant

Property is located at the SW corner of University Drive and Pines Boulevard.

Sale Notes:
University Marketplace is a multi-anchor neighborhood shopping center. Completed in 1991, the Property totals 125,704 sf and is 99% leased. The main tenants include Café Iguana, Dollar General, Fallas and Beverly' s Pet Center. The Property is shadow anchored by Western Beef, a private grocery chain with 24 locations, that owns and operates within a 65,000 sf box along the eastern side of the site. There is a Declaration of Restrictions and Grant of Easements (REA) that is in-place that governs the relationship between the Western Beef parcel and the balance of the center which document is summarized on page 45. The shop space totals 57,654 sf (46% of GLA) and is subdivided into 30 units ranging in size from 700 sf to 5,200 sf. The center features a diverse and seasoned roster of shop tenants that include, among others, Great Expressions Dental, CitiFinancial, Jenny Craig, Cash Advance America, UPS, and All Uniform Wear. There are three separately owned improved outparcels that are not a part of this offering: Wendy' s, Region' s Bank, and Bank of America.

Cushman & Wakefield
Adam Feinstein
(305) 533-2863

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