Great investment and return opportunity, Busy Coral Spring Plaza with 400 ft fronting West Sample Rd. Located in the heart of Coral Springs surrounded by upscale residential area. Perfectly situated, just east of University Dr and minutes to the Florida turn

7891 WEST SAMPLE RD, Coral Springs

$6,500,000 USD
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Address7891 WEST SAMPLE RD, Coral Springs
Type of BusinessRetail Space, Shopping Center
Business LocationCity Location
Property StyleRetail
Price$6,500,000
Previous Price$6,000,000 (79 days ago)
Property StatusActive
MLS NumberA10671977
Property Size55502
Lot Size55502
Year Built1993
Parking Space Number114
Folio Number484114030050
Net Operating Income$376,047
Days on Market135

Detailed Description: Great investment and return opportunity, Busy Coral Spring Plaza with 400 ft fronting West Sample Rd. Located in the heart of Coral Springs surrounded by upscale residential area. Perfectly situated, just east of University Dr and minutes to the Florida turnpike. Two Buildings totaling 27,176 sq.ft. Property has had same ownership since originally developed. Located along high traffic corridor. Property with consistently strong base of “Local” Tenants. 100% occupied with long-term tenants. City maintains front landscaping, trash cleanup, parking and drive area. Most leases provide for annual rent increases. Upside in rents for many of the suites. CAP rate 6.72.

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Address Information
StateFlorida
CityCoral Springs
CountyBroward County
Zip Code33065
Address7891 WEST SAMPLE RD
Business LocationCity Location
Section14
Zip Code (4 Digits)4747
Financial Information
Price$6,500,000
Price per Foot$0
Previous Price$6,000,000
Folio Number484114030050
Net Operating Income$376,047
Tax Amount$81,144
Tax Year2018
Possession InformationFunding
Full Descriptions
Detailed DescriptionGreat investment and return opportunity, Busy Coral Spring Plaza with 400 ft fronting West Sample Rd. Located in the heart of Coral Springs surrounded by upscale residential area. Perfectly situated, just east of University Dr and minutes to the Florida turnpike. Two Buildings totaling 27,176 sq.ft. Property has had same ownership since originally developed. Located along high traffic corridor. Property with consistently strong base of “Local” Tenants. 100% occupied with long-term tenants. City maintains front landscaping, trash cleanup, parking and drive area. Most leases provide for annual rent increases. Upside in rents for many of the suites. CAP rate 6.72.
Water DescriptionPublic
Parking DescriptionFree Parking
Property parameters
Living Area55502
Lot Size55502
Total Acreage1.200
Maximum Leasable Size55502
Year Built1993
Type of BusinessRetail Space, Shopping Center
StyleRetail
Construction TypeCBS Construction,Insulated
Stories Number1
Street DirectionWest
Parking Space Number114
Listed withUTG Real Estate