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).