Plantation Crossing Plantation,Florida

$23,000,000
Closed Multi-Tenant
Property type:Multi-Tenant / Shopping Center

Description

12130-12220 W Sunrise Blvd.
Plantation, Florida 33323

BID DATE DEADLINE – JUNE 3, 2022

Investment Highlights

  • Rare, high-performing South Florida grocery anchored shopping center located near the Sawgrass Mills Mall in Plantation, Florida
  • Anchored by ALDI, who recently executed an early lease renewal, demonstrating their success at this location
  • Immediate area has no big box or junior box space vacancies and virtually no small shop vacancy
  • Aggressive rent increases contribute to 3% compound average growth rate of NOI
  • Additional $115,000 of annual income upside through leasing small bay vacancy
  • Excellent frontage and easy access on heavily travelled West Sunrise Boulevard
  • 47% of GLA is leased to credit tenants; strong grocery anchor and staggered lease expirations contribute to attractive non-recourse financing options

Location

  • Nearby Sawgrass Mills Mall attracts 40 million visitors annually
  • Located just east of ramp on and off Sawgrass Expressway with 107,000 vehicles per day
  • Growing area with several new multifamily and mixed-use developments
  • Infill location with 3-mile population of 104,000 and one-mile median household income of $92,000
  • Strategic location with excellent mix of daytime, nighttime, and weekend customers

If new browser tab does not open to download the OM, make sure to check that your pop-up blocker is disabled.
You may also contact us at: 954-245-3592 or Click Here to Send Email

Click Here to Access Offering Memorandum

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card

[contact-form-7 404 "Not Found"]