3260 N University Dr - Bank FOR SALE


Sunrise, FL 33322
$5,390,000 USD
212-832-4500
3260 N University Dr, Sunrise, FL for Sale
$5,390,000 USD
Bank - FOR SALE
1/2
null | 5.5% Cap Rate

3260 N University Dr
Sunrise, FL 33322


HIGHLIGHTS

  • Established Investment Grade Tenant
  • Strong Corporate Credit
  • Long-Term NNN Lease with Rent Growth
  • Strategic Ground Lease Structure

OVERVIEW

Surmount is pleased to present the exclusive listing for a PNC Bank located at 3260 N University Drive , Sunrise, FL 33351. The site consists of roughly 4,455 rentable square feet of building space on an estimated 0.9-acre parcel of land. This PNC Bank is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 4/1/2013. The current annual rent is $296,450 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$5,390,000 USD

PRICE/SF

$1,292 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,193 SF

ZONING

B-3

APN/PARCEL ID

49-41-21-06-0010

ASK ABOUT THIS PROPERTY

James VenturaSurmountMore Info
212-832-4500

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James VenturaSurmountMore Info
212-832-4500

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