101 S State Road 7

    Plantation, FL 33317
    • $1,995,000
    • STATUS: Active
    • ON SITE: 305 days
    • MLS #: A10298931
    UPDATED: 191 min ago
    $1,995,000
    • 0
      BEDS
    • 0.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    Freedom Building shopping plaza is located in desirable Plantation Florida, and well positioned on 441 with over 80,000 cars per day. This shopping center is surrounded by several new multi-family projects, new credit tenants, and new office parks.This plaza consists of 9 bays totaling 9800 sf of leasable space, and is 100% occupied. All tenants are on NN double net leases with annual increases. This property is currently grossing $154,375 per year, netting $117,574 per year. Legacy tenants are under market value paying on average $11.60 a foot net. The average leasing rate in this area is $16 a foot net. A new investor can easily re-tenant this property raising rents to $16-$18 p/sf NN. This increase would provide an investor with $164,343 per year or a 8.24% pro- forma cap rate.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-04-23T23:41:23.85.
    www.bestbrowardrealestate.com/homes/73869559

    101 S State Road 7 Plantation, FL 33317

    • Price: $1,995,000
    • Status: Active
    • Updated: 191 min ago
    • MLS #: A10298931
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.73
    Acres
    1966
    Built
    Neighborhood:
    3760
    County:
    Broward
    Area:
    3760
    Property Description
    Freedom Building shopping plaza is located in desirable Plantation Florida, and well positioned on 441 with over 80,000 cars per day. This shopping center is surrounded by several new multi-family projects, new credit tenants, and new office parks.This plaza consists of 9 bays totaling 9800 sf of leasable space, and is 100% occupied. All tenants are on NN double net leases with annual increases. This property is currently grossing $154,375 per year, netting $117,574 per year. Legacy tenants are under market value paying on average $11.60 a foot net. The average leasing rate in this area is $16 a foot net. A new investor can easily re-tenant this property raising rents to $16-$18 p/sf NN. This increase would provide an investor with $164,343 per year or a 8.24% pro- forma cap rate.
    Exterior Features

    Num Loading Doors 0 Num Parking Spaces 35 Parking Description Assigned Parking Waterfront Property Yn No

    Interior Features

    Interior Ceiling Height 10.0000 Maximum Ceiling Height 10.0000 Num Offices 9

    Property Features

    Approximate Lot Size 31750 Electric Service Separate Meters Flood Zone X Num Bays 9 Reo YN No Section 12 Short Sale Yn No Typeof Property Commercial

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-04-23T23:41:23.85.
     
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    Pembroke Pines FL, 33028