7301 NW 4th St - Medical FOR SALE


Plantation, FL 33317
$4,300,000 USD
954-882-8491
7301 NW 4th St, Plantation, FL for Sale
$4,300,000 USD
Medical - FOR SALE
1/28
null | 6% Cap Rate

7301 NW 4th St
Plantation, FL 33317


HIGHLIGHTS

  • LOCATION, LOCATION, LOCATION! ASSUMABLE LOAN IN THE 4+ %- BELOW MARKET!
  • UPSIDE POTENTIAL BELOW MARKET RENTS MAKE LEASES NNN
  • EXCELLENT FOR OWNER/USER, INVESTOR OR 1031
  • NEAR TO EVERYTHING- RESTAURANTS, STORES, HOSPITALS, MALL, BUS, I-595, I-95, BROWARD BLVD.
  • VERY WELL MAINTAINED PROPERTY- FULLY UPDATED

OVERVIEW

LOCATION, LOCATION, LOCATION! Good for Owner/User, Investor or 1031 Exchange 100% LEASED Beautiful 1-story office building situated across from Plantation City Hall. Recently completed over $120,000 in renovations to the building and finished with all new lush landscaping. Roof updated in 2022, new roof finishes and painting of exterior of building, decorative statue/figureheads to building, recoated, re-striped, curbs painted, new flooring (brick/concrete) in courtyard area and halls. Painted outside of building 2023. Building well maintained. Tenants pay own electric. Great location. Quiet neighborhood but near to everything- shopping, restaurants, hospitals, mall, I-595, I-95, etc. Great Tenant mix- Professional & Medical. Loan- assumable. Aprx. $1,450,000 balance, aprx. interest rate 4+ %, aprx. $8,000 mo. principal & interest, balloons 2028. Loan with Grove Bank & Trust. Must confirm terms with owner. Below market- great upside! Upside potential- as rents have been below market. New owner may want to make all new leases from modified gross to NNN (although there are tax & insurance stops and owner may elect to pass on any increases to tenants for their proportionate share).

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PLAZA AT CITY HALL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

B-4P, Plantation

APN/PARCEL ID

50-41-03-51-0010

ASK ABOUT THIS PROPERTY

Warren SteinMurray Realties, Inc.More Info
954-882-8491

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Warren SteinMurray Realties, Inc.More Info
954-882-8491

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