7841-7899 Pines Blvd - Supermarket FOR SALE


Pembroke Pines, FL 33024- Boulevard Heights East
$25,000,000 USD
305-927-6377
7841-7899 Pines Blvd, Pembroke Pines, FL for Sale
$25,000,000 USD
Supermarket - FOR SALE
1/38
null | 4.4% Cap Rate

7841-7899 Pines Blvd
Pembroke Pines, FL 33024
Boulevard Heights East


OVERVIEW

INVESTMENT SUMMARY: 8.86-ACRE INSTITUTIONAL COVERED LAND PLAY 7841 PINES BLVD, PEMBROKE PINES, FL 33024 This offering represents a premier 8.86-acre redevelopment site engineered for a high-alpha transition. Currently a 96,152 SF retail center, the property is positioned for a high-density, mixed-use conversion that erases the legacy "retail box" and replaces it with a modern residential and medical campus. REDEVELOPMENT DRIVERS: THE DEMOGRAPHIC FORCE MULTIPLIER Unrivaled Visibility: 110,000 Vehicles Per Day at the signalized University Blvd intersection. Academic Anchor: Directly adjacent to Broward College, serving 65,000+ students and faculty. Institutional Surroundings: Surrounded by Target, Costco, Walmart, and Publix, validating the site's long-term commercial viability. Consumer Wealth: Average Household Income within 5 miles exceeds $100,600. I. THE CORE VALUE PROPOSITION: LAND BASIS & GEOMETRY Acquisition Efficiency: At a $25,000,000 strike price, the land is acquired at approximately $64/SF, providing an entry point significantly below the replacement cost for prime, signalized acreage in South Florida. Development Scale: The 8.86-acre footprint is capable of supporting a 350-unit mid-rise development while maintaining profitable commercial frontage. Strategic L-Shape: The unique site geometry allows for the frontage to serve as an acoustic shield, creating a private, high-density residential interior suited for medical professionals and academic faculty. II. DEMOGRAPHIC & EDUCATIONAL GRAVITY Academic Anchor: Directly adjacent to Broward College, which serves a massive community of 65,000 students and faculty, providing a permanent and replenishing demand driver for the site. Population Density: The trade area supports 191,853 residents within a 3-mile radius, providing the critical mass required for high-density success. Affluence: Average Household Incomes within 5 miles exceed $100,600, signaling a consumer base with significant discretionary spending power. VPD Dominance: The site enjoys unrivaled visibility at a signalized intersection with a combined traffic count of 110,000 Vehicles Per Day (VPD). III. THE BENCHMARK: INSTITUTIONAL VALIDATION The Proving Ground: The Pines Blvd corridor is heavily validated by institutional "optimizers" including Terra Group (Pines City Center), Regency Centers, and Brookfield. Grocery & Daily Needs Validation: The immediate presence of national brands such as Target, Costco, Walmart, Best Buy, Publix, and Aldi confirms the trade area’s high-volume demand. Medical Proximity: Located just east of Memorial Hospital Pembroke, making this the ideal location for a "Medical Sanctuary" housing niche for healthcare professionals. IV. THE REPOSITIONING THESIS By transitioning this 1974-built retail into a modern residential-led mixed-use project, a developer erases the retail commodity risk and captures a significant revenue lift. Target Niche: Medical staff, traveling nurses, and Broward College faculty who prioritize proximity and a sound-shielded environment. Exit Strategy: A stabilized, high-density asset in this corridor is a primary target for institutional REITs and pension funds looking for defensive, recession-proof South Florida real estate. TRANSACTION TERMS Asking Price: $25,000,000 Total Acreage: 8.86 Acres Zoning: Commercial Buyer Paid Commission

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

8.86 AC

LAND SF

385,942 SF

ZONING

B-3

APN/PARCEL ID

51-41-15-05-0030

ASK ABOUT THIS PROPERTY

Victor JaramilloCBI Real EstateMore Info
305-927-6377

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Victor JaramilloCBI Real EstateMore Info
305-927-6377

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