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Broward County Office-Flex Building Sale

Sold | Broward County Office-Flex Building | 34,812 sf
1700 NW 65th Avenue, Plantation, Florida

CapasGroup Realty Advisors announces the sale of a Broward County Office-Flex Building located in Plantation, Florida, for $2.95 million or approximately $85 per square foot.

INVESTMENT HIGHLIGHTS

  • Strong, high-quality income stream
  • Conveniently located to major roads, highways, shopping, dining, and quality housing
  • Fully Occupied; Most leases have annual rent escalations with tax and insurance stops
  • Building has had attentive maintenance

PROPERTY DETAILS

  • Built in 1984
  • 34,812 square feet
  • Site Size = 2.15+ Acres
  • 97 parking spaces
  • Approximate 50% office build-out
  • Roof has been completely replaced in phases over the past three years
  • Six, 10 x 10 roll-up doors at grade level
  • Monument Signage

ECONOMICS

  • Average Rent at time of sale = $9.80 psf gross
  • 100% leased at time of sale

TRANSACTION SUMMARY

CapasGroup, as exclusive agent, represented the seller – a Miami-based private ownership group. The purchaser was also a South Florida-based private investment group.

DOWNLOAD TRANSACTION SUMMARY

Helpful Links:

Listing Brochure

Plantation Technology Park Aerial

Broward County Property Appraiser