Colonnade Executive Office Building | 4640 S University Dr
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Colonnade Executive Office Building 4640 S University Dr
10,889 SF Office Building Davie, FL 33328 $6,200,000 ($569/SF) 4.06% Cap Rate
Investment Highlights
- Property type: 3 Story, Single Tenant, Executive Office Building built in 2017
- Layout: 27 individual offices + 2 kitchens + 5 bathrooms
- Original Single Tenant with 2 years remaining on Lease + 5 year option
- Parking: 36 Parking Spaces + 6 Covered Spaces + 2 EV Spaces w/ chargers
- Reception: Beautiful welcome reception at ground level
- Approved plans to build a similar structurePlans
Executive Summary
Strategically located near FLL Airport, Turnpike, I-95 and I-595, this Beautiful 2017 Construction Executive Office Building is for Sale, including a beautiful welcome reception at the ground level, 27 individual offices spread across 3 floors, 2 conference rooms, 2 kitchens, 5 bathrooms, 44 parking spaces, and 2 E/V chargers. (See attached floor plans.) Sale includes its original tenant w/ 2 years remaining on their single-tenant modified gross lease (through May 2026). Tenant pays electric & insurance. PLEASE NOTE: Seller has approved plans to construct an additional and almost identical structure perpendicular to the existing structure along the southern border of the lot, running east-west. Call for more information.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$348,000
|
$31.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$348,000
|
$31.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$96,000
|
$8.82
|
| Net Operating Income |
$252,000
|
$23.14
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $348,000 |
| Annual Per SF | $31.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $348,000 |
| Annual Per SF | $31.96 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $8.82 |
| Net Operating Income | |
|---|---|
| Annual | $252,000 |
| Annual Per SF | $23.14 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
10,889 SF
Building Class
B
Year Built
2021
Price
$6,200,000
Price Per SF
$569
Cap Rate
4.06%
NOI
$252,000
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
3,374 SF
Building FAR
0.40
Lot Size
0.62 AC
Zoning
UDN - Griffin Corridor District, Town of Davie
Parking
44 Spaces (4.04 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Signage
- Wheelchair Accessible
- Reception
- Car Charging Station
- Fully Carpeted
- Natural Light
- Open-Plan
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- The Schiller Kessler Group
- Professional, Scientific, and Technical Services
- 10,889 SF
- $32.00
- Double Net
- May 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| The Schiller Kessler Group | Professional, Scientific, and Technical Services | 10,889 SF | $32.00 | Double Net | May 2025 |
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 50-41-28-39-0010 | Improvements Assessment | $2,368,130 (2024) |
| Land Assessment | $428,820 (2024) | Total Assessment | $2,796,950 (2024) |
PROPERTY TAXES
Parcel Number
50-41-28-39-0010
Land Assessment
$428,820 (2024)
Improvements Assessment
$2,368,130 (2024)
Total Assessment
$2,796,950 (2024)
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Colonnade Executive Office Building | 4640 S University Dr
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