1920 E Hallandale Beach Blvd - Medical FOR SALE


Hallandale Beach, FL 33009
$25,900,000 USD
954-614-7030
1920 E Hallandale Beach Blvd, Hallandale Beach, FL for Sale
$25,900,000 USD
Medical - FOR SALE
1/39
null | 5.95% Cap Rate

1920 E Hallandale Beach Blvd
Hallandale Beach, FL 33009


HIGHLIGHTS

  • LOCATION, LOCATION, LOCATION! OCEAN & INTRACOASTAL WATER VIEWS!
  • RENTS $40-$46 SF GROSS COMPARED UP TO $72 SF IN AVENTURA
  • HUGE UPSIDE POTENTIAL. REDEVELOPMENT POTENTIAL. RENTAL RATE INCREASES. RENEWALS, ZONING, CHANGE TO NNN LEASES
  • THIS BUILDING OWNS "AIR RIGHTS" TO BUILDING NEXT DOOR. HBB EAST ZONING, CAN BUILD UP TO 25 STORIES HIGH
  • NEAR TO EVERYTHING- MIAMI TO SOUTH AND FT. LAUDERDALE TO NORTH, US 1, A1A, I-95, HOLLYWOOD, AVENTURA
  • ONLY BUILDING WITH HURRICANE IMPACT WINDOWS & GENERATOR (EXCEPT NEW BUILDINGS)

OVERVIEW

LOCATION, LOCATION, LOCATION! CAN'T GET BETTER THAN THIS LOCATION FOR THE PRICE! OCEAN, INTRACOASTAL VIEWS! HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT/RENEWALS, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING (CAN BUILD UP TO 25 STORIES HIGH, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $42 SF TO $46 SF GROSS. BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 85,000 GROSS SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES. THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER! CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com OR WARREN J STEIN AT 954-882-8491 FOR MORE INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.

FOR SALE DETAILS

PRICE

$25,900,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1920 CORPORATE PLACE

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

HBB EAST DISTRICT

APN/PARCEL ID

51-42-26-08-0110

ASK ABOUT THIS PROPERTY

Pamela WetmoreMurray Realties, Inc.More Info
954-614-7030

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Pamela WetmoreMurray Realties, Inc.More Info
954-614-7030

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