3800 N University Dr - Freestanding FOR SALE
Cooper City, FL 33024 |
3800 N University Dr
Cooper City, FL 33024
HIGHLIGHTS
- Rare opportunity to purchase a newly constructed shopping center in one of the fastest-growing areas of Broward County
- The shopping center is currently 100% occupied by a mix of nationally credited tenants and regional tenants
- Collectively 11.2 years of Weighted Average Lease Term (W.A.L.E.); current leases commence in Q4 of 2023 and Q1 2024
- The site has excellent exposure and frontage on N University Drive –totaling traffic counts exceeding 44,000 vehicles per day
- Strong demographics – estimated average household income of $99,749 and the average house value is $409,078 all within a 1-mile radius
- Development projects directly surrounding the site include several hundred apartment units as well as a newly constructed Memorial Hospital Pembroke
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Multi-Tenant Building at Monterra Commons
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
11640
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
713
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
51-41-04-03-0090
