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- LoopNet Team
4111 S Ocean Dr
Hollywood, FL 33019
Lyfe Resort & Residences · Hospitality Property For Sale · 50,250 SF
Investment Highlights
- The Lease is a NNN lease, Tenant also pays HOA fees.
- 6,000 square feet of interior commercial condominium space, consisting of Terrazas Restaurant and the outside Pool Bar.
- Terrazas has 30 parking spaces available for clients.
Executive Summary
• 6,000 square feet of interior commercial condominium space, consisting of Terrazas Restaurant and the outside Pool Bar. • Terrazas Restaurant/Pool Bar is on the 9th floor of the property, which is also home to the only pool in the building. • The 9th floor is the ONLY amenity floor for the project. • Terrazas has exclusive right to serve food and beverage in the entire building • The Lease is a NNN lease, Tenant also pays HOA fees. • Terrazas is run and operated by one of the strongest F&B Operators in ($5,000,000 in sales in 2021) • Terrazas rent is well under market, providing a huge value add opportunity. • Purchase comes with a fully built out restaurant with all equipment ($700 psf for replacement cost). • Terrazas is not limited to hotel guests, outside visitors have full access to Terrazas restaurant and Pool Bar. • Terrazas VIP guests can also enjoy time in one of the buildings Cabanas as well as be entitled to free Valet Parking. • Terrazas has 30 parking spaces available for clients.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 41 |
| Property Subtype | Serviced Apartment | Year Built | 2017 |
| Building Class | B | Parking Ratio | 0.02/1,000 SF |
| Lot Size | 1.34 AC | Corridor | Interior |
| Building Size | 50,250 SF | APN / Parcel ID | 51-42-26-ED-0040 |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 50,250 SF |
| No. Stories | 41 |
| Year Built | 2017 |
| Parking Ratio | 0.02/1,000 SF |
| Corridor | Interior |
| APN / Parcel ID | 51-42-26-ED-0040 |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Spa
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
zoning
| Zoning Code | PD (Condo Multiplex) |
| PD (Condo Multiplex) |
Learn More About Investing in Hospitality Properties
