Colonnade Executive Office Building 4640 S University Dr 15,474 SF 100% Leased Office Building Davie, FL 33328 $6,200,000 ($400.67/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
|
$22.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$348,000
|
$22.49
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$96,000
|
$6.20
|
| Net Operating Income |
$252,000
|
$16.29
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
15,474 SF
Building Class
B
Year Built
2021
Price
$6,200,000
Price Per SF
$400.67
Cap Rate
4.06%
NOI
$252,000
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
3,374 SF
Building FAR
0.57
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 (2025) |
| Land Assessment | $428,820 (2025) | Total Assessment | $2,796,950 (2025) |
CONTACTS
-
Enrique Montoya -
Enrique Montoya - ELM Real Estate Group
