Commercial, Commercial Retail - Fort Lauderdale, FL
Great 9 bay Shopping Center (7 tenants 100% occupied) located on busy Davie Blvd in Ft Lauderdale Florida. Long term tenants under market value. Can easily increase rents to $22 a square foot NNN per comparable leasing rates in the area. Great area with several major national tenants nearby. This property is currently grossing $72,756 per year. This property has tremendous upside, an investor can easily raise existing rents to market rates which will provide a 10.55% cap rate.
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Please call (954) 361-0000.
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