FOR SALE | |||
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Code: | 9360F20 | |||
City: | Oakland Park | |||
Retail Type: | ||||
Price: | $ 10,175,000 | |||
Cap. Rate: | ||||
Tenancy: | ||||
Retail Sq.Ft.: | 19,492 | |||
Lot. Area Sq. Ft.: | 24363 | |||
Parking: | 100 Common Parking, Guest Parking, Handicap Parking | |||
Year: | 1973 | |||
FOR SALE: 4331 North Federal Highway. This 19,492 sq. ft. boutique medical building is a rare trophy asset located mile from Holy Cross Hospital and 3 miles to Broward Health Imperial Point Hospital. Building has full impact windows & doors throughout, new roof, all new mechanicals, new electrical & plumbing throughout, new elevator system, new fire sprinklers, new drainage system, and new electric lines coming into the building provided by FPL. Upside in leasing remaining 7,650 sq.ft. of first generational space consisting of 2,350 sq. ft. on the second floor & 5,300 sq. ft. on the 3rd. Once fully leased up, building NOI surpasses market returns for this asset class. Amazing visibility with monument signage and added opportunity for naming rights on the top of the building. | ||||
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