The subject property consists of +/ 32,200 sf of leasable space, well situated on a large double lot consisting of 81,142 sf or 1.86 acres. There is ample parking at this location with over 130 ground floor parking spaces. The property consists of 4 stories and a large usable basement. This property is anchored by long time tenant BB&T bank, with a new corporate lease. BB&T occupies 4,600 sf of the first floor. They have 5 years left on their base term, with 4, 5 year options to renew. When this property is leased at market rates, this property will produce +/ $485,567.48 p/year in net operating income, providing an investor with a strong capitalization rate of 7% on a proforma basis. Proforma numbers are based on leasing this property at market leasing rates of $19 a square foot net.
Full Address: 1771 NW 40th Ave, Lauderhill FL 33313, Lauderhill, FL 33313
Total Size: N/A
Taxes: $51930 x Year