Retail Strip Plaza. Great Location

Fort Lauderdale, FL (Broward County)

Retail Strip Plaza. Great Location
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Asking Price: $895,000

Gross Revenue: $72,000

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 4,793

FF&E: N/A

Year Built: 1971

Retail Strip Plaza. Great Location

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Property Description

100 % occupied. Solid Investment. Stable income producing property. Priced to sell. Quick Closing. Room to increase rents which are below market.

One of the tenants occupying 2,000 sq. ft. is a CStore with a lease expiring in early 2020. Excellent strip plaza to add fast food & check cashing.

•Exceptional Upside Potential
•Well Located Neighborhood Strip Plaza
•Strong Visibility
•Well Maintained
•Priced Well Below Replacement Value

The area where the property is located is an extremely busy residential/commercial and fast growing community. Demographic studies of the area indicate it is expected to continue equal if not greater growth over the next ten years. New Owner will experience substantial upside with effective management and improving curb appeal.

PLEASE ONLY BUYERS. NO BROKERS
BANK FINANCING IS AVAILABLE.
Qualified and well capitalized buyers are invited to initiate contact. Please note that this strip plaza is located in South Florida and is offered under confidentiality, therefore additional information including location will ONLY be disclosed after an NDA has been completed.

Contact Rudy Singh. Buy Direct Real Estate Inc.
Email: rudy.buydirect@gmail.com

Detailed Information

Location:
Fort Lauderdale, FL
Type:
Retail
Building SF:
4,793
Building Status:
Established
Facilities:
Strip Plaza with 5 bays and 4 tenants. One of the tenants is a convenient store. Lease ends in early 2020. This property has been well-maintained and is currently 100% occupied. Easy access with lots of parking.
Financing:
Bank Financing
Location Description:
Located along a busy main road just West of I95. Great visibility. This strip plaza has tremendous upside, as new investor can easily raise existing rents to market rates which will provide an even higher cap rate. Visibility from I95.
Current and Prior Use:
Retail Strip Plaza.
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Rudy Singh

Property Listed By:
Rudy Singh

Buy Direct Real Estate

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