Angel Flower Plaza
Value-Add Retail - 7% Cap Rate in Oakland Park
Marketing description
Triumphant Commercial Group, as exclusive advisor, is pleased to present for sale Angel Flower Plaza, a value-add retail opportunity located at 3901-3937 N Andrews Ave, Oakland Park, FL 33309. [Access Offering Memorandum Here]
The Property is an 8,694 SF multi-tenant retail center on approximately 0.47 acres with 160 feet of direct frontage on N. Andrews Avenue, a corridor averaging +/-24,000 vehicles per day. Small-suite layout supports the service-oriented local tenants that dominate South Florida's neighborhood retail demand.
Value-Add Story: 7.00% in-place cap rate to a 9.38% proforma cap rate by Year 3, and seller financing available.
Location: Oakland Park is in a multi-year redevelopment cycle leading into its 2029 centennial. The Property is positioned minutes from Downtown Fort Lauderdale, Fort Lauderdale Executive Airport, and Chase Stadium.
Investment highlights
- 8,694 SF on 0.47 acres with 160 Feet Frontage on N. Andrews Ave +/-24,000 VPD
- 7.00% In-Place cap rate; 9.38% Year-3 Proforma Cap Rate
- 147,323 residents within 3 miles, $1.8B total consumer spend
- Seller-financing Available
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