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34381538

1704 N UNIVERSITY DR, CORAL SPRINGS, FL 33071-6090 For Sale

AR
FL FL 3227145
Rich Commercial Group
Listed by Rich Commercial Group
$5,100,000
4 days on market
Updated 4 days ago

1704 N UNIVERSITY DR CORAL SPRINGS FL 33071-6090

Details
APN 484128010670
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 18,444
Net Rentable (SqFt) 17,155
Units 1
Cap Rate 2.54%
NOI $129,366
Occupancy 67.4%
Class B
Year Built 1987
Stories 3
Lot Size (SqFt) 42,974
Zoning B-2
Parking Spaces 62 spaces
Parking per 1,000 SqFt 3.36
Investment Type Owner/User

Office | 2.54% CAP | 18,444 SqFt

Marketing description

1704 N University Drive presents a rare owner-user and investment opportunity in the heart of Coral Springs. The 18,444-square-foot medical and traditional office building offers prominent frontage and excellent visibility along University Drive, one of the area’s primary commercial corridors.

The property features a 2,800-square-foot second-generation dental office available for immediate occupancy, providing a turnkey opportunity for a dental or medical user. An owner-user may occupy up to approximately 8,300 square feet while benefiting from income generated by the building’s existing tenants.

The property is also within walking distance of numerous restaurants, shops, and everyday conveniences, providing an attractive and convenient setting for employees, patients, and clients. With its flexible medical and professional office layout, strong street presence, and strategic Coral Springs location, the property is well suited for medical practices, dental groups, professional service firms, or investors seeking an office asset with owner-user potential.

Investment highlights

Listing Contacts

AR
FL FL 3227145
Rich Commercial Group
Listed by Rich Commercial Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$129,365.55
$10,780.46/mo

Valuation Metrics

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DSCR
2.54%
Cap Rate
2.54%
ROI

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Additional Information

Name
Alex Rich
License
FL 3227145
Brokerage
Rich Commercial Group
Brokerage Phone
954-401-5459
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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