5599 S University Dr - Loft/Creative Space CONDO FOR SALE
Davie, FL 33328 |
5599 S University Dr
Davie, FL 33328
HIGHLIGHTS
- Rare Opportunity to Acquire a NNN-Lease Office Condo Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor
- NNN Lease Terms Allow for Ease of Management, Tenant has Annual Base Rent Increases Equal to CPI or 5% Whichever is Greater
- A Unique NNN Investment Opportunity Offering a High Cash Return of 8.5% With Built-In Rental Growth and Stability of Cash Flow
- Located On South University Drive, Offering Prime University Frontage on One of Broward County’s Most Heavily Traveled North-South Corridors
- University Drive has Strong Traffic Count Over 50,000 Cars Per Day and Neighboring Household Income is Over $113,000 within One Mile of Subject
- Surrounded by Multiple National Retailers and Destination Tenants Including Tower Shops, Target, Sawgrass Mills, TJ Maxx, Costco, and Home Depot
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Davie Net Leased Condo - Ste 307
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Loft/Creative Space
TOTAL BUILDING SIZE
27000
STORIES
3
BUILDING CLASS
B
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
220
LAND DETAILS
LAND ACRES
0.43 AC AC
LAND SF
18,731 SF
ZONING
-
APN/PARCEL ID
50-41-33-AB-0080,50-41-33-AB-0150,50-41-33-AB-0160,50-41-33-AB-0180
