954-812-6234
1250 S Pine Island Rd, Plantation, FL for Sale
Office - FOR SALE
1/14
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1250 S Pine Island Rd
Plantation, FL 33324


HIGHLIGHTS

  • Significant Mark-to-Market: In-place rents average 19.4% below market presenting the opportunity to grow NOI substantially over the next 5 years.
  • One of South Florida's Best Micro Markets: Midtown Plantation has seen 41% rent growth over the past five years.
  • Premier Location: Immediate access to I-595 with direct frontage and unparalleled regional connectivity to ~2.6 million people within a 30-min drive.
  • High-Quality Anchor Tenancy: 100% occupied with strong creditworthy tenants including private equity firm Exuma Capital (25% of building).

OVERVIEW

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire Cornerstone V (the “Property”), a premier 52,424 SF, Class A, jewel-box office building located at 1250 S Pine Island Road in Plantation, Florida. This five-story, 100% occupied asset is anchored by the private equity firm Exuma Capital, which recently committed their headquarters to the entire fifth floor, representing 25% of the building’s rentable square footage. Situated at the main entrance of Cornerstone Corporate Park, the Property is one of the most visible office assets in South Florida and has immediate accessibility to I-595, a feature that generates significant signage revenue. Located in the bustling Midtown Plantation submarket, which has seen 41% rent growth over the past five years, the asset offers a clear path to value creation. With a weighted average lease term of 2.9 years, Cornerstone V presents investors with an ideal near-term opportunity to capitalize on current rents that are 24% below market rates and capture the significant upside of this asset.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone Five

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

B-7Q

APN/PARCEL ID

50-41-16-29-0010

ASK ABOUT THIS PROPERTY

Max LescanoJLLMore Info
954-812-6234

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Max LescanoJLLMore Info
954-812-6234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.