Marcus & Millichap proudly presents Plantation Place, a premier five-story office building in the heart of Plantation, FL. This 61,881-square-foot asset offers immediate cash flow, generating $929,897 in net operating income with a 7.59% cap rate. With triple net leases in place, investors benefit from minimal operational expenses, while below-market rents present a strong opportunity for future income growth.
Plantation Place is a turnkey investment with no deferred maintenance, a roof under warranty, and brand-new elevators, ensuring minimal capital expenditures for new ownership. The property features 234 surface parking spaces, providing 3.8 spaces per 1,000 square feet of rentable area for tenants and visitors. Positioned in one of South Florida’s most resilient office markets, it benefits from corporate relocations, population growth, and sustained economic expansion, driving strong tenant demand and high occupancy rates.
Centrally located in the Plantation Midtown District with excellent connectivity to I-95, I-595, I-75, the Florida Turnpike, and Fort Lauderdale-Hollywood International Airport, the property offers high visibility along Broward Boulevard with monument signage availability. Surrounded by major retail, dining, hotels, and full-service hospitals, Plantation Place is an ideal investment for long-term stability and appreciation.