1970 Sawgrass Mills Cir - Office FOR SALE
Fort Lauderdale, FL 33323 |
1970 Sawgrass Mills Cir
Fort Lauderdale, FL 33323
HIGHLIGHTS
- 5,100 SF of GLA on 0.97 acres of land - Outparcel to Sawgrass Mills Mall - one of the highest trafficked mall in South Florida
- Outstanding Credit behind an Absolute Triple Net Lease (NNN) with no landlord responsibilities
- Tenant exercised a three (3) year extension through 3/31/2029 with 3% annual increases
- Original lease term was 10 years with two (2)- three (3) year options, lease commenced in March 2011
- Florida Blue Center with the highest traffic counts in the tri-county area per Placer.Ai, with approximately 48,000 visits annually
- Across the street from Amerant Bank Arena - Home of The Florida Panthers. Building was originally a Build-to-suit for Florida Blue
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Florida Blue - Sawgrass Mall
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
5100
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
0.97 AC AC
LAND SF
42,253 SF
ZONING
-
APN/PARCEL ID
49-40-26-05-0261
