Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

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 fenced ­in 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 drive­ in 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 seller­ occupied 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 7.39% capitalization rate at full asking price.

Features
: 3 Phase Electric
: Concrete
Address Details
FL
Broward County
Davie
33328
5360 S University Dr
0
Other
40
1
: Sale
1
$83,726

Commercial Sale For Sale

5360 S University Dr, Davie, Florida 33328

90,782 Sqft
$8,200,000
Listing ID #A11273474
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11273474
Price : $8,200,000
Year Built : 2008
Lot Area : 90,782 Sqft
Building Area : 25,627 Sqft
Status : Active
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