499 NW 70th Ave - Office FOR SALE


Plantation, FL 33317
$12,495,000 USD
970-239-8519
499 NW 70th Ave, Plantation, FL for Sale
$12,495,000 USD
Office - FOR SALE
1/21
null | 5.77% Cap Rate

499 NW 70th Ave
Plantation, FL 33317


HIGHLIGHTS

  • Three-story, 86,837-square-foot office building on over six acres, offering a distinctive, park-like setting with lush landscaping and water features.
  • Approximately 78% leased with 23 suites ranging from 981 to 14,547 square feet, providing stable cash flow and strategic upside potential.
  • Recent interior renovations and ongoing improvements create a modern, professional environment for medical, legal, educational, and service providers.
  • Located near high-demand drivers like Plantation General Hospital, Westside Regional Medical Center, and major local and state government offices.
  • Access to retail, dining, and regional transportation like Florida’s Turnpike, I-595, I-95, Downtown Fort Lauderdale, & Fort Lauderdale Int'l Airport.
  • Rare opportunity to acquire a stabilized, income-producing office asset in one of Broward County’s strongest submarkets.

OVERVIEW

Atrium Executive Plaza at 499 NW 70th Avenue in Plantation’s business district offers an outstanding office asset investment opportunity. Spanning three stories of 86,837 square feet, the property sits on over 6 acres enriched by tropical gardens, ponds, fountains, waterfalls, and a pedestrian bridge. Recently renovated interiors and ongoing exterior improvements create a welcoming environment that supports a diverse tenant mix of medical, legal, educational, and professional services. With 23 suites ranging from 981 to 14,547 square feet, the building is approximately 78% leased, providing stable cash flow with upside potential through additional lease-up opportunities. Near key demand drivers, Atrium Executive Plaza benefits from proximity to Plantation General Hospital, Westside Regional Medical Center, and government offices such as city hall and the police department. Tenants enjoy swift access to retail and dining at Plantation Walk, Broward Mall, and nearby centers, along with strong regional connectivity, five minutes from Florida’s Turnpike, seven minutes from Interstate 595, 10 minutes from Interstate 95, and about 20 minutes from Downtown Fort Lauderdale and Fort Lauderdale-Hollywood International Airport (FLL). Plantation is a thriving suburban community with seamless access to South Florida’s economic core. The 5-mile trade area includes more than 429,000 residents and 667,000 employees, supported by household incomes well above the regional average. Offered at $12,495,000, Atrium Executive Plaza provides investors with a projected 2024 net operating income (NOI) of $721,440 and a 5.77% cap rate, presenting a rare opportunity to acquire a stabilized, income-producing asset with long-term growth potential in one of Broward County’s strongest office submarkets.

FOR SALE DETAILS

PRICE

$12,495,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atrium Executive Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

440

LAND DETAILS

LAND ACRES

6.26 AC

LAND SF

272,686 SF

ZONING

B-4P

APN/PARCEL ID

50-41-03-58-0010

ASK ABOUT THIS PROPERTY

Mark KingSolutions REMore Info
970-239-8519

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Mark KingSolutions REMore Info
970-239-8519

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