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4553 - 4613 N University Drive - Sun Village Plaza, Lauderhill, FL

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4553 - 4613 N University Drive - Sun Village Plaza

Lauderhill, FL 33351-4501 - Plantation Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1985
Building Size:38,855 SF Land Area:3.86 AC (168,333 SF)
For Sale Price:$5,500,000 Price/SF:$141.55
Cap Rate:6.30 %
Parking:Free Surface spaces are available; Ratio of 5.65/1,000 SF
Features:Pylon Sign, Signage, Center Mixed Use

Sale Notes:
Sun Village Plaza is a terrific investment opportunity due to its exposure and the tremendous upside potential. The property is under rented and also, there is ample opportunity for new additional SF between S&S Fabrics (tenant) and N. University Drive.

This center offers high exposure rentable space on N. University Drive with a traffic count of over 56,000 cars per day which makes leasing the property much easier due to the high traffic flow and the demographics in a 5 square mile radius. All facts combined lead to higher sales and great tenant interaction in this center with 531' fronting on the highly trafficked University Drive.

Total 41,194 Sq. Ft. on 3.86 acres with great tenant interaction and diversification creating more business transactions and upside potential for rent increase.

Terms change: Owner will Hold a new first mortgage of $3,500,000 for 10 years at 5% interest only with $2,000,000 cash down which leaves a 8.2% cash on cash return

N. University Dr. in Lauderhill, Fl. 33351

The Keyes Company
Floyd Cerf
(305) 779-1800

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