Great 9 bay Shopping Center (7 tenants 100% occupied) located on busy Davie Blvd in Ft Lauderdale Florida. Long term tenants under market value. Can easily increase rents to $22 a square foot NNN per comparable leasing rates in the area. Great area with several major national tenants nearby.
This property is currently grossing $72, 756 per year. Actual cap rate is 7%. This property has tremendous upside, an investor can easily raise existing rents to market rates which will provide a 11.5% cap rate., Directions East of 441 on Davie Blvd
Information provided by Miami MLS, and is deemed reliable but not guaranteed accurate.
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15100 Northwest 67th Avenue Suite 101 Miami Lakes FL 33014