305-927-6377
7841-7899 Pines Blvd, Pembroke Pines, FL for Sale
Supermarket - FOR SALE
1/7
null | 8.21% Cap Rate

7841-7899 Pines Blvd
Pembroke Pines, FL 33024
Boulevard Heights East


OVERVIEW

An experienced retail investor can capitalize on this prime Broward County location at the busy University and Pines intersection (over 110,000 VPD). Currently producing $1.1 million in annual NOI ($23/sf NNN + $6.67/sf CAM), the property offers immediate upside. By leasing the remaining 27,000 SF (divisible into 15,000 SF and 12,000 SF spaces) at a projected $18/sf NNN, the NOI can reach $1.97 million annually, representing an 8.21% yield on cost.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

8.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

8.86 AC

LAND SF

385,942 SF

ZONING

B-3

APN/PARCEL ID

51-41-15-05-0030

ASK ABOUT THIS PROPERTY

Victor JaramilloCBI Real EstateMore Info
305-927-6377

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Victor JaramilloCBI Real EstateMore Info
305-927-6377

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