Listed by Berger Commercial Realty
$7,350,000
1401 N University Dr
Details
Property Type Office
Sub Type Executive Office
Square Footage 53,337
Net Rentable (SqFt) 49,901
Cap Rate 8.34%
NOI $612,712
Occupancy 78%
Price per SqFt $147
Class B
Year Built 1986
Acreage 2.500
Office | 8.34% CAP | 53,337 SqFt
Marketing description
We are pleased to present for sale this 53,337 SF building located in the thriving Coral Springs area. With a strong 78% occupancy rate, this property presents a compelling investment opportunity for office or office building investors. Boasting modern amenities and strategic positioning, the property is poised to offer a lucrative venture for sophisticated investors. Take advantage of the existing tenant base while capitalizing on the potential for expansion and increased occupancy. Don't miss out on the chance to own a prime commercial real estate asset in the heart of Coral Springs.
The area surrounding the property offers a range of amenities, including dining, shopping, and entertainment options. Just minutes away, you'll find the Coral Square Mall, a popular retail destination, as well as numerous restaurants and cafes. With easy access to major roadways and proximity to the vibrant commercial hub, this location is ideal for investors seeking an office or office building opportunity in a thriving community.
1401 North University Drive is a boutique office building located in the highly sought after submarket of Coral Springs. The subject property is 78% occupied, providing stable cash flow and great upside for future ownership. Please see more in-depth financial information contained herein.
The property is strategically located in Coral Springs with immediate proximity to the Florida Turnpike and Sawgrass Expressway. Situated on the very well-traveled University Drive, the property benefits from several nearby restaurants, hotels shopping centers, and highly sought after residential communities.
Listing Contacts
Listed by Berger Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$612,712.22
$51,059.35/mo
Valuation Metrics
0
DSCR
8.34%
Cap Rate
8.34%
ROI
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