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101 S State Road 7, Plantation, FL 33317

$2,099,000
Commercial Property MLS# A10298931 ID: 46014601
$2,099,000 Get Rates

Commercial/Industrial,Retail Space,Shopping Center - Plantation, FL
Freedom Building shopping plaza is located in desirable Plantation Florida, and well positioned on 441 with over 80,000 cars per day. This shopping center is surrounded by several new multi-family projects, new credit tenants, and new office parks. This plaza consists of 9 bays totaling 9800 sf of leasable space, and is 100% occupied. All tenants are on NN double net leases with annual increases. This property is currently grossing $154,375 per year, netting $117,574 per year. Legacy tenants are under market value paying on average $11.60 a foot net. The average leasing rate in this area is $16 a foot net. A new investor can easily re-tenant this property raising rents to $16-$18 p/sf NN. This increase would provide an investor with $164,343 per year or a 7.83% pro- forma cap rate.

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Location Information near 101 S State Road 7
Offered by John DeMarco at Re/Max 5 Star Realty

Would you like more information regarding this property?
Please call (954) 361-0000.

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Property Features for 101 S State Road 7
Status
Market Status
Available
Last Updated
December 15, 2017
Description
Property Type
Commercial Property
Year Built
1966
Approx. Lot Size
0.73 Acres

Exterior Features

  • Parking: Assigned; 35 spaces

Legal/Financial

  • Taxes: 22436 (2016)

Listing Features

  • Property Type: Commercial; Commercial/Industrial,Retail Space,Shopping Center

Data Provided by Miami Association of REALTORS

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More information about this $2,099,000 Commercial Property at 101 S State Road 7

This $2,099,000 Commercial Property at 101 S State Road 7 in Plantation, FL is offered by John DeMarco. This $2,099,000 Commercial Property, located in the 33317 zip code, has the following property features: Parking, Property Type, Taxes. This 101 S State Road 7 Commercial Property, located in Broward County , is listed under MLS listing number A10298931 and has a listing price of $2,099,000. You can find more PLANTATION homes for sale here.