| Listing Price: | $6,700,000 | |
| CAP Rate: | 5.22% | |
| Proforma CAP Rate: | 6.67% | |
| Lot Size: | 2.12 Acres | |
| Price per SF: | $313.70 | |
| Year Built: | 1986 | |
| Rentable SF: | 21,358 SF |
2901 W Commercial Blvd - Fort Lauderdale, FL 33309
INVESTMENT HIGHLIGHTS
- 21,300 SF strip center with free standing restaurant building
- Upside through leasing 4,000 SF vacancy - endcap unit which is fully built out as a restaurant space
- Located on heavily travelled W. Commercial Blvd with traffic counts of 51,000 vehicles per day
- Excellent frontage and visibility with good access, including a left-turn curb cut entrance
- Densely populated submarket with population of 160,000 within a three mile radius
- Located in between the Florida Turnpike and I-95 on W. Commercial Blvd with ramps on and off of each of these major expressways
- Recently signed 10 year lease for the 3,554 SF free-standing restaurant - 10 unit regional restaurant concept with strong financials
Contact Listing Agents:
-
Kirk D. Olson
Senior Vice President Investments
(786) 522-7064 (Office)Senior Director, Institutional Property Advisors & National Retail Group
(786) 338-5731 (Cell)
Kirk.olson@marcusmillichap.com -
Drew A. Kristol
Senior Vice President Investments
(786) 522-7065 (Office)Senior Director, Institutional Property Advisors & National Retail Group
(954) 647-6029 (Cell)
Drew.kristol@marcusmillichap.com
