5360 S University Dr

Davie, FL, 33328

$8,700,000

$339 per ft²
$8,700,000
$339 per ft²
Active
Active
 - For Sale
carpenters-square
25,627 ft²
property_type
Commercial
calendar
Built 2008
Great opportunity to purchase a hybrid retail and industrial site that fronts University Drive.This property consist of 2 building 25,627 SF on 2.1 acre fenced­in lot. Property is perfect for an owner user, owner user can occupy up to 21,255 SF with a front showroom and the warehouse space in the back. The warehouse features 3 phase electric, 6 loading docks, 2 drive­in doors and 12' ceilings.This property also works very well for an investor, the property is currently 100% occupied with well established businesses as tenants and seller occupying most of the property. Investor can lease the seller­occupied spaces at a market rate of $23.51 p/SF NNN after closing. This will provide a net annual income of $847,633.94 and a strong 6.96% capitalization rate at full asking price.
MLS® ID:
A11273474
Listed:
9/14/22
Updated:
9/26/22
LoKation® Real Estate
Jim Brinker

Exterior/Building Features

Lot Size
2.08 acres lot
Roof
Concrete

Other Property Details

Taxes
$83726
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Broward County
Pool
No
Total Stories
1

Courtesy of John DeMarco, RE/MAX 5 Star Realty,

Based on information from Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 1:41 PM UTC, 9/26/22.

LoKation® Real Estate
Jim Brinker
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