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4495 SW 67th Terrace, Fort Lauderdale, FL

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4495 SW 67th Terrace

Fort Lauderdale, FL 33314 - Plantation Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1989
Stories:2 Typical Floor:2,798 SF Building Size:5,595 SF
For Sale Price:$750,000 Price/SF:$134.05
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 5/1,000 SF Amenities:Bus Line

Sale Notes:
Union Street Partners LLC is pleased to present this 5,595 square foot office building in Davie, Florida. The property was built in 1989 and is concrete block construction throughout. There are twelve office spaces of which two are on the first floor, each roughly 1,500 square feet. The building is 100% occupied and is generating gross income in the $71,000 + range. The second floor has 10 small offices which rent in the $350 per range. The building has central AC, 25 parking spaces and has a western theme architectural design. An investor could secure new financing for this purchase in the 75% loan to value range with a rate of approximately 4.5%. This will allow for positive leverage or a owner user could occupy a portion of the space while renting out the remaining square footage.

The Davie office building is located in the town of Davie Florida in Broward County, Florida. The building is located within walking distance of Downtown Davie and City Hall is three blocks away. In the immediate area is a mix of single family homes and offices and three blocks to the east is Davie Road, a major commercial corridor. The town is home to several universities and the population has grown by over 20% within the last decade to 92,000 residents.

Union Street Partners
Gregory P Celentano
(305) 512-6080

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