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1771 NW 40th Ave

Lauderhill, FL 33313
  • $6,999,000
  • STATUS: Active
  • ON SITE: 210 Days
  • MLS #: A11064331
UPDATED: 20 min ago
$6,999,000
  • 0
    BEDS
  • 1.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1970
County:

School Ratings & Info

Description

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.

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-01-27T18:53:08.163.
www.ewm.com/homes/118854356
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1771 NW 40th Ave Lauderhill, FL 33313

  • Price: $6,999,000
  • Status: Active
  • On Site: 210 Days
  • Updated: 20 min ago
  • MLS #: A11064331
0
Beds
0
Baths
0
½ Baths
1.38
Acres
1970
Built
County:
Broward
Property Description
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.
Exterior Features

Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 32200

Property Features

Association YN No Business Type Office SpaceProfessional Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes New Construction YN No Public Survey Section 36 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 51930

Listing courtesy of Re/Max 5 Star Realty.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-01-27T18:53:08.163.
 
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Berkshire Hathaway HomeServices EWM Realty
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