USD 8,700,000

5360 S University Dr
Davie, Florida 33328

For Sale

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 fenced­in 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 drive­in 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 seller­occupied 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 6.96% capitalization rate at full asking price.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11273474
Status
Sale
Type
Commercial, Industrial
Zip Code
33328
Year Built
2008
Electric Service
3 Phase Electric
Occupancy
Tenant Occupied
Roof
Concrete Roof
Type of Building
Shopping Center, Warehouse Space
Utilities
Internet
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 1.75%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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