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Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 24,134 sqft
Price per Sqft $91
MLS Listing ID A10873272
Sold Date 11/30/20
HOA Y/N No
Year Built 1974
Annual Tax Amount $33,362
Tax Year 2019
Lot Size 1.600 Acres
Acres 1.6
Property Description
The building is 24,134 sq ft of retail and office space that has recently experienced extensive improvements to the interior and exterior of the property. The lot size is 1,59 acres with plenty of parking in front and back.
Property is occupied by a mix of tenants with 28 office spaces ranging from 200 sq ft to 1800 sq ft and would be a great addition to any investors portfolio.
Cap rate is 7.15% on actual numbers with 95% occupancy. There is potential to increase income with 100% occupancy and increase rent because current rents are below market rates for the area.
40 year inspection completed.
Location
State FL
County Broward County
Area 3380
Direction i-95 take exit west Oakland park blvd, property will be on your right side.
Interior
Flooring Carpet, Tile
Exterior
Waterfront No
Parking Type Free Parking
Total Parking Spaces 88
Building
Story 2
Level or Stories Two
Others
Tax ID 494220020010
Ownership Corporation
Acceptable Financing Assumable, Cash, Conventional, Owner May Carry Second
Listing Terms Assumable, Cash, Conventional, Owner May Carry Second
Financing Conventional
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Bought with The Keyes Company
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