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5950 W Oakland Park Boulevard, Fort Lauderdale, FL

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DetailMap
5950 W Oakland Park Boulevard

Fort Lauderdale, FL 33313-1208 - Plantation Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1980
Stories:3 Typical Floor:- Building Size:35,700 SF
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:573 SF Largest Space:22,161 SF Total Space Avail:35,700 SF Rent/SF/Yr:
$16.00
Parking:Free Surface spaces are available; Free Covered spaces are available; Ratio of 4/1,000 SF Amenities:Air Conditioning, Balcony, Bus Line, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
7,926 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 2nd
14,235 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
4,057 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
3,581 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
1,049 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
573 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
1,006 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
1,113 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 3rd
2,160 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
 
10280025
10280028
10300043
10312160
10312162
10312158
10312164
10312169
10312174
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
7,926 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
2nd
14,235 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
4,057 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
3,581 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
1,049 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
573 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
1,006 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
1,113 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
3rd
2,160 SF
$16.00/SF/Yr
Vacant
Negotiable
Office
Across the street from new Publix Shopping Center and next door to the popular Stiles Farmers Market. The Building is only 10 blocks west of Florida Medical Center and Oakland Medical Mall. Great Lay-out and upside potential. Individual electric meters and much more. Do Not Disturb Tenants.

Location Description:
OAKLAND PARK BLVD. WEST TO PROPERTY

Sale Notes:
https://www.ten-x.com/commercial/details/5950-w-oakland-park-boulevard-lauderhill-fl-33313-1000003561-b_209


Property tours are available on Tuesday, 5/30 from 10AM-2PM and Monday, 6/5 from 10AM–2PM. Please contact Jonathan Thiel to schedule at jthiel@bergercommercial.com or 954-652-2020.

Investment Highlights:
Office Building in Fort Lauderdale MSA
Value-Add Opportunity through Lease-Up or Redevelopment/Repositioning
Great Access to Major Roads: Fl. Turnpike, University Drive, I-95, Oakland Park Blvd, Sunrise Blvd
Ideal for Owner/User, Vocational/Tech. School, Training Facility w/ Many Classrooms & Offices
Dense 3 Mile Demo of ±213,500 Population, Average HH Income ±$51,452 and ±58,000 VPD
Commercial Corridor Location with Draw of Newer Publix Grocery Opposite and Popular Stiles Farmers Market Adjacent

Investment Overview:

The Oakland Shoppes (the “Property”) is a three-story, multi-tenant office building

The Property was built in 1980, is located on ±1.5 acres and has ample surface parking with 150 spaces. The Property provides a significant value-add opportunity through leasing up. Alternatively, the building could be purchased by an owner/user looking to occupy the entire building or part of the building while enjoying a steady stream of income from several tenants. Previously occupied and built to accommodate a beauty school, this space would be ideal for an owner/user, school, medical facility, training facility, technical school, or any other large institution that requires a lot of classrooms and offices. Floor plates: 1st floor (7,926 SF) and 2nd floor (14,235 SF) are built out to accommodate any training facility or vocational school (total 1st and 2nd floor: 22,161 SF The 3rd floor contains office space ranging from 573 SF to 4,057 SF.

The Property is located on Oakland Park Boulevard, a busy east-west thoroughfare in northern Broward county connecting Fort Lauderdale Beach to the numerous residential communities west of the Beach. The Property is surrounded by residential communities, shopping, restaurants and grocery, including a new Publix Supermarket directly across the street from the Property. The Property is only 10 blocks west of Florida Medical Center and Oakland Medical Mall with a great lay-out and upside potential. The Property is set up for multiple tenancy with individual electric meters. The demographics within a 3-mile radius of the Property include an estimated 2016 population of ±213,500 people with an average HH income of ±$51,452. Strong population growth with a higher than average household income, combined with falling vacancy rates in the south Florida area, provide positive trends for the office sector in this area.

Auctioneer Licensing Information
Ten-X Adrian Strelzow RE Brkr CQ1050204

Berger Commercial Realty Corp/CORFAC International
John Forman
(954) 358-0900

Jonathan Thiel
(954) 652-2020

  
Ten-X, LLC
Cheri Mascitelli
(305) 537-9318


Berger Commercial Realty Corp/CORFAC International
John Forman
(954) 358-0900

Jonathan Thiel
(954) 652-2020



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