3696 North Federal Highway

Prime Coral Ridge Office Building Portfolio

Price $13,999,998 Commission Split 2.5%
Building Size 80,604 SF Cap Rate 6%
Price/SF $173.69 Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office Building Lot Size 84,490 SF
Property Use Type Net Lease Investment with 5 years left on lease  

Description

Two buildings: Building #1) 3696 North Federal Highway; A sleek modern three story office building with 37,184 square foot on 1.36 acres of land; Tenants include nationally known BB&T Bank and Keller Williams Realty together with attorneys, CPAs and investment advisors; Marble floors in lobby; Renovated restrooms and elevators; New paint, New upscale carpet in common areas (2nd & 3rd floor), New T-8 lighting; Open AND covered parking; 97% occupied. Building #2) 2691 East Oakland Park Boulevard; A high visibility, four story, mixed use building with 43.424 square feet; The only area building with ground floor retail, office and residential components; Marble flooring and 20 foot ceilings in lobby, New roof (2014); New renovated restrooms on 2nd, 3rd & 4th floors (2014); New tile floors on 2nd, 3rd & 4th floors (2015); New carpet in stairway (2016); Both Buildings offer two elevators (per building), high speed fiber optic connectivity, high parking ratios and excellent future redevelopment potential. Both buildings are assets that will make a new owner proud.

Excellent locations in affluent Coral Ridge Country Club neighborhood. These two buildings are approximately five blocks from each other and with prominent exposure to high traffic counts. Near the new Fresh Market, LA Fitness, Ashley Furniture, City Furniture, AMC Movie Theatre, Coral Ridge Mall, Target and more. The new gated Coral Ridge Golf Estates (located one block north of 3696 building) is a new development of 36 homes with golf course lot prices of between $900,000 and $1,300,000 for land only.

 

Call Martin Buelow for more info at + 1 239 770-0858 (USA)

Or  at + 49 176 84304976 (Germany)