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6731 - 6755 Sunset Strip - Sunset Shopping Center II - Sunset Shopping Center II, Sunrise, FL

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6731 - 6755 Sunset Strip - Sunset Shopping Center II - Sunset Shopping Center II

Sunrise, FL 33313 - Plantation Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1985
Building Size:16,774 SF Land Area:.91 AC (39,587 SF)
Smallest Space:950 SF Largest Space:950 SF Total Space Avail:950 SF Rent/SF/Yr:
$14.00
Parking:Free Surface spaces are available; Ratio of 2.92/1,000 SF
Features:Bus Line


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
950 SF
$14.00/SF/Yr
Vacant
Negotiable
Retail
 
10829397


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
950 SF
$14.00/SF/Yr
Vacant
Negotiable
Retail
ATTENTION this property is for investors with strong management background; This is the second property in the Sunset Strip Shopping Center Portfolio. It has been severely suffering from the negligence of mismanagement and. My clients' portfolio is so large that his property manager is having a hard time dealing with just the Miami properties. So what this translates to is under market leases which are written at triple net but not enforced that way. I am confident that with the right management in place it is quite feasible to ease this property in to triple net in a year, and with just that modification the property is already a strong investment. But seeing that the market is at about $15-17 SF/Year NNN you can still raise the rents $1-2 SF/Year (which is conservative), and not only do you have strong cash flow with allowing for a very favorable cash on cash but you have a property which can undoubtedly double its value over 3 years. Please fill out either the Co-Op Broker Form or the Principal Buyer Confidentiality Agreement and Fax it to my office so that you may receive a more in depth investment prospectus. This property may be sold alone or as part of a portfolio.

The center is located directly on the Sunset Strip which is one of Broward Counties most traveled residential thoroughfares, having more than 25,000 cars traveling it a day. The property is directly across the street from the newly built village civic center. It is centrally located in a sprawling residential area which has been experiencing outstanding growth year after year. Also in the direct vicinity of the property is the Florida Turnpike, I-95, I-595, and State road 7.



49-41-27-BD-0000



N.E.G. Property Services, Inc.
Gary D Glusman
(954) 491-2281 x25



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