Plantation Professional Center Plantation, Florida

$6,300,000
Property type: Multi-Tenant / Shopping Center

The space

  • Price: $6,300,000
  • Cap Rate: 6.67%
  • Rentable Square Feet: 21,660
  • Net Operating Income: $420,063
  • Land Area: 1.23 Acres
  • Year Built: 1968

Description

4320 W Broward Blvd, Plantation, Florida 33317

Investment Highlights

  • Tenant Stability With 30 Percent of Tenants in Place for 15 Years or More, and 45 Percent for 10 Years or More
  • Over 21,000 Square Feet of Rentable Space With a Mix of Tenants Including Office Space, Beauty Salon, Medical, Home Healthcare, Accounting and Many More
  • Subject Property has Passed the Broward County 40 Years Inspection
  • Stable Asset, Roof was Recently Replaced and Painted
  • High Traffic Area, Located on Broward Boulevard With a Daily Traffic Count of More Than 44,500 Vehicles
  • Plantation Benefits from its Proximity to Major Transportation Routes Which Provides Easy Access to and from Regional and National Markets – Including Interstate 595 (220,000 VPD), Interstate 95 (188,000 VPD), and the Florida Turnpike (152,000 VPD)
  • Population Nearly 160,000 in Three Miles of the Subject Property, and Over 410,000 in Five Miles
  • Surrounding National Brands Include Walmart Supercenter, Five Below, Marshalls, Dick’s Sporting Goods, Publix Supermarket, LA Fitness, Badcock Home Furniture, dd’s Discounts, Elegant Beauty Supply, Family Dollar, Dollar Tree, T-Mobile, Boost Mobile, Verizon, McDonald’s, Chipotle, Wendy’s, Pollo Tropical, Taco Bell, KFC, O’Reilly Auto Parts, Advance Auto Parts, Napa Auto Parts, Chase Bank, Bank of America, TD Bank, UPS Store, 7-Eleven, Wawa, Chevrolet, Ford, Dodge, Chrysler, Jeep, CVS, Walgreens and Many More

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Plantation Professional Center in Plantation, FL (Fort Lauderdale MSA). This multi-tenant property provides over 21,000 square feet of rentable space. Tenants include offices, beauty salons, medical services, home healthcare, and accounting. Tenant stability is high, with 30% in place for over 15 years and 45% for over 10 years. The property has passed the Broward County 40-year inspection and has a recently replaced and painted roof, making it a stable asset.

Prominently positioned on Broward Boulevard, this retail corridor experiences high traffic, with over 44,500 vehicles daily. Situated conveniently between Florida’s Turnpike and State Road 7, Plantation benefits from major transportation routes, facilitating easy access to regional and national markets. The population is nearly 160,000 within three miles and over 410,000 within five miles.

In Addition to Local and Regional Retailers, Surrounding National Brands Include Walmart Supercenter, Five Below, Marshalls, Dick’s Sporting Goods, Publix Supermarket, LA Fitness, Badcock Home Furniture, dd’s Discounts, Elegant Beauty Supply, Family Dollar, Dollar Tree, T-Mobile, Boost Mobile, Verizon, McDonald’s, Chipotle, Wendy’s, Pollo Tropical, Taco Bell, KFC, O’Reilly Auto Parts, Advance Auto Parts, Napa Auto Parts, Chase Bank, Bank of America, TD Bank, UPS Store, 7-Eleven, Wawa, Chevrolet, Ford, Dodge, Chrysler, Jeep, CVS, Walgreens and Many More

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