1495 N Park Dr - Showroom FOR SALE


Weston, FL 33326
$10,500,000 USD
970-708-1399
1495 N Park Dr, Weston, FL for Sale
$10,500,000 USD
Showroom - FOR SALE
1/22
null | 6.85% Cap Rate

1495 N Park Dr
Weston, FL 33326


OVERVIEW

Originally constructed in 2000 as a warehouse, the building was renovated and converted in 2020 to a luxury exercise and wellness facility. The building is currently demised into two areas; the luxury gym is approximately 21,523 sq ft in the rear (west) and approximately 5,475 sq ft in the front (east). The smaller space was formerly a physical therapy office. This property can easily be re-opened as a luxury wellness facility or converted back to a warehouse / office use. It is an ideal candidate for an owner-user, as well. The leasing campaign is generating significant interest at the $26.67 psf NNN lease rate, which amounts to a 6.85% pro forma cap rate at the asking price. Please see attached OM for further details or call Mark King at (970) 708-1399 to discuss.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Loft/Creative Space, Health Club, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

106

LAND DETAILS

LAND ACRES

2.24

LAND SF

97,574

ZONING

O-1

APN/PARCEL ID

50-40-17-02-0040

ASK ABOUT THIS PROPERTY

Mark KingSolutions REMore Info
970-708-1399

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Mark KingSolutions REMore Info
970-708-1399

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