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5599 S University Dr
Davie, FL 33328 Outer Weston/Davie

$625,000 USD

Loft Creative Space Condo For Sale  •  1,331 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 27,000 SF
  • Lot Size 0.43 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 8.51 %
  • Tenancy Multiple
  • Zoning B-2
33 Transit Score
54 Walk Score

1 Unit Available

Name Condo Use Size Price Details
3rd Floor - Unit 307 Office 1,331 SF $625,000 USD
  • Unit Size: 1,331 SF
  • Condo Use: Office
  • Price: $625,000 USD
  • Sale Type: Investment
  • Price/SF: $469.57 USD
Sale Notes
Rare Opportunity to Acquire a NNN-Lease Office Condo in Davie, Florida Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor who Employs 500 People.

Highlights

Rare Opportunity to Acquire a NNN-Lease Office Condo Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor
NNN Lease Terms Allow for Ease of Management, Tenant has Annual Base Rent Increases Equal to CPI or 5% Whichever is Greater
A Unique NNN Investment Opportunity Offering a High Cash Return of 8.5% With Built-In Rental Growth and Stability of Cash Flow
Located On South University Drive, Offering Prime University Frontage on One of Broward County’s Most Heavily Traveled North-South Corridors
University Drive has Strong Traffic Count Over 50,000 Cars Per Day and Neighboring Household Income is Over $113,000 within One Mile of Subject
Surrounded by Multiple National Retailers and Destination Tenants Including Tower Shops, Target, Sawgrass Mills, TJ Maxx, Costco, and Home Depot

Financial Summary

Cap Rate: 8.51 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
3sixty5 Design Studio Inc
Benefits Outsource Inc
Contour Day Spa
Dr. Rahil Malik
Fortune Construction 2/3/2025
Lazy Days Restaurant Llc
O'SHEA & REYES LLC
Roebuck Associates Insurance Exchange
Sunrise Capital Corp
Synovus Bank

Amenities

  • Banking
  • Bus Line
  • Property Manager on Site
  • Natural Light
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 15 min - 6.8 mi
Fort Lauderdale/Hollywood International Airport (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 14 min - 7.0 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 16 min - 7.9 mi
Miami International 41 min - 24.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 220
Type: Surface
Included in Rent: Yes
Tricia Lim 786-522-7086 Marcus & Millichap
Tricia Lim 786-522-7086 Marcus & Millichap