3520 W Broward Blvd - Storefront Retail/Office FOR SALE


Fort Lauderdale, FL 33312
$4,835,000 USD
772-539-1153
3520 W Broward Blvd, Fort Lauderdale, FL for Sale
$4,835,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 7.25% Cap Rate

3520 W Broward Blvd
Fort Lauderdale, FL 33312


HIGHLIGHTS

  • Capital Improvements
  • State of Florida Anchor Tenant
  • Barriers to Entry
  • Strong Tenant Mix
  • Strategic Location
  • Transit Oriented Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Kingston Plaza located at 3520 W Broward Boulevard in Fort Lauderdale, Florida (the “Property”). The two-story building contains 25,482 total gross square feet (22,861 square feet of rentable space) on a 1.35-acre parcel. Historically, the Kingston Plaza enjoys low vacancy rates and is currently 100% occupied by twenty-one (21) tenants; the Property is anchored by the State of Florida, which has been at this location for more than 31 years and occupies 30 percent of the Property. The State of Florida’s lease continues through 12/31/2029. The Property is well located along W Broward Boulevard (FL Route 842) and benefits from outstanding visibility and frontage along one of the area’s busiest commuter and commercial corridors as Broward Boulevard heads directly into downtown Fort Lauderdale. The Property is surrounded by densely populated residential neighborhoods and is 1.5-miles from Interstate 95, 2.5-miles from the Florida Turnpike, and 3.5-miles from US Route 1 and downtown Fort Lauderdale. The area is home to numerous national tenants, and planned communities drawing significant traffic to the area.

FOR SALE DETAILS

PRICE

$4,835,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kingston Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Charles MoodyHorvath & TremblayMore Info
772-539-1153

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Charles MoodyHorvath & TremblayMore Info
772-539-1153

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.