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1970 Sawgrass Mills Cir
Fort Lauderdale, FL 33323 Sunrise

$7,250,000 USD

Office For Sale • 5,100 SF

Property Details

Property Type Office
Total Building Size 5,100 SF
Lot Size 0.97 AC
Building Class B
Year Built 2011
Cap Rate 6.01 %
Tenancy Single
Zoning B-3

38 Transit Score

52 Walk Score

                
                    Highlights
                
                                5,100 SF of GLA on 0.97 acres of land - Outparcel to Sawgrass Mills Mall - one of the highest trafficked mall in South Florida
                            
                                Outstanding Credit behind an Absolute Triple Net Lease (NNN) with no landlord responsibilities
                            
                                Tenant exercised a three (3) year extension through 3/31/2029 with 3% annual increases
                            
                                Original lease term was 10 years with two (2)- three (3) year options, lease commenced in March 2011
                            
                                Florida Blue Center with the highest traffic counts in the tri-county area per Placer.Ai, with approximately 48,000 visits annually
                            
                                Across the street from Amerant Bank Arena - Home of The Florida Panthers. Building was originally a Build-to-suit for Florida Blue

Property Flyers

Florida Blue OM_12-1

Cap Rate:

6.01 %

Amenities

Waterfront

Public Transportation

Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	24 min	-	14.1 mi
Miami International	43 min	-	30.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	18
Type:	Surface
Included in Rent:	Yes

Justin Walker 561-312-9364 Franklin Street

1970 Sawgrass Mills Cir Fort Lauderdale, FL 33323 Sunrise