The property is positioned less than one mile from West of the Florida Turnpike at the intersection of Hollywood Blvd. and State Road 7. There are two adjoining parcels totaling 29,998 square feet with two buildings that have total of 8,251 leasable square feet. Currently the property has three tenants generating a net income of $169,099. The actual 5% capitalization rate at full asking price. A new investor can re-tenant this property at current market rates with triple net leases, this would generate a 7% capitalization rate on a pro-forma basis. Please remember to not disturb existing tenants, for additional information call listing Broker.
|DAYS ON MARKET||40||LAST UPDATED||4/17/2019|
TOTAL MONTHLY PAYMENT
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