Acquire a well-located boutique office building in the highly sought-after Coral Springs submarket at 1401 North University Drive.
Spanning 49,901 square feet, this six-story Class B property sits on 2.50 acres along the well-traveled University Drive corridor and is currently 78% occupied, offering stable in-place cash flow with significant upside potential for future ownership.
Built in 1986, the property is offered at $7,350,000 ($147.29 per square foot) and delivers a strong NOI of $612,712.22 with an attractive 8.34% cap rate.
Strategically positioned with immediate access to the Florida Turnpike and Sawgrass Expressway, 1401 North University Drive benefits from excellent visibility and connectivity, as well as proximity to numerous restaurants, hotels, shopping centers, and desirable residential communities, making it an exceptional investment opportunity in the heart of Coral Springs.
Please see the more in-depth financial information contained in the attached Offering Memorandum and reach out today to learn more about this rare investment opportunity.