8360 W Oakland Park Blvd - Office FOR SALE


Sunrise, FL 33351
$3,500,000 USD
216-973-9534
8360 W Oakland Park Blvd, Sunrise, FL for Sale
$3,500,000 USD
Office - FOR SALE
1/24
null | 8.31% Cap Rate

8360 W Oakland Park Blvd
Sunrise, FL 33351


HIGHLIGHTS

  • Most AC’s installed in last 5 Years
  • All bathrooms renovated in 2021
  • Renovated Elevator in 2021
  • ADA compliant ramp
  • Koi pond in the atrium
  • Full building surveillance system

OVERVIEW

Apex Capital Realty is proud to present 8360 W Oakland Park Blvd, a recently renovated three-story office building located in Sunrise, Florida. This 26,298-square-foot office building sits on just under an acre of land. The property fronts Oakland Park Blvd, a major east-west corridor with high traffic counts of over 38,000 vehicles per day. Strategically positioned between the Florida Turnpike and Sawgrass Expressway, this office building offers exceptional accessibility to Pompano Beach, Margate, Oakland Park, Fort Lauderdale, and Coconut Creek. 8360 W Oakland Park Blvd presents a unique investment opportunity. Beyond its prime location, this asset is priced significantly below replacement cost and provides an immediate 8.31% cap rate on current income. This investment has tremendous value add potential considering the size of the office suites and the buildings low WALT. Lease rates of $50+ PSF gross have already been achieved for the smaller suites, and $35+ PSF gross have already been proven for the larger suites. New ownership will be able to take this current 8.31% cap rate to north of a 13% cap rate within 18 months. Seller Financing Available

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

8.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,175 SF

ZONING

B-3

APN/PARCEL ID

49-41-21-03-0055

ASK ABOUT THIS PROPERTY

Yoni SunshineApex Capital Realty LLCMore Info
216-973-9534

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Yoni SunshineApex Capital Realty LLCMore Info
216-973-9534

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