PLAZA AT CITY HALL | 7301 NW 4th St
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PLAZA AT CITY HALL 7301 NW 4th St
12,536 SF 100% Leased Office Building Plantation, FL 33317 $4,300,000 ($343/SF) 5.88% Cap Rate
Investment Highlights
- LOCATION, LOCATION, LOCATION!
- EXCELLENT FOR OWNER/USER, INVESTOR OR 1031
- VERY WELL MAINTAINED PROPERTY- FULLY UPDATED
- UPSIDE POTENTIAL BELOW MARKET RENTS MAKE LEASES NNN
- NEAR TO EVERYTHING- RESTAURANTS, STORES, HOSPITALS, MALL, BUS, I-595, I-95, BROWARD BLVD.
Executive Summary
LOCATION, LOCATION, LOCATION!
Good for Owner/User, Investor or 1031 Exchange
100% LEASED
Beautiful 1-story office building situated across from Plantation
City Hall. Recently completed over $120,000 in
renovations to the building and finished with all new lush
land-scaping. Roof updated in 2022, new roof finishes and
painting of exterior of building, decorative
statue/figureheads to building, recoated, re-striped, curbs painted,
new flooring (brick/concrete) in courtyard area and halls. Painted
outside of building 2023. Building well maintained. Tenants pay own electric.
Great location. Quiet neighborhood but near to everything-
shopping, restaurants, hospitals, mall, I-595, I-95, etc.
Great Tenant mix- Professional & Medical.
Upside potential as rents have been below market. New owner
may want to make all new leases from modified gross to NNN (although there
are tax & insurance stops and owner may elect to pass on any
increases to tenants for their proportionate share).
Good for Owner/User, Investor or 1031 Exchange
100% LEASED
Beautiful 1-story office building situated across from Plantation
City Hall. Recently completed over $120,000 in
renovations to the building and finished with all new lush
land-scaping. Roof updated in 2022, new roof finishes and
painting of exterior of building, decorative
statue/figureheads to building, recoated, re-striped, curbs painted,
new flooring (brick/concrete) in courtyard area and halls. Painted
outside of building 2023. Building well maintained. Tenants pay own electric.
Great location. Quiet neighborhood but near to everything-
shopping, restaurants, hospitals, mall, I-595, I-95, etc.
Great Tenant mix- Professional & Medical.
Upside potential as rents have been below market. New owner
may want to make all new leases from modified gross to NNN (although there
are tax & insurance stops and owner may elect to pass on any
increases to tenants for their proportionate share).
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
12,536 SF
Building Class
B
Year Built/Renovated
1981/2020
Price
$4,300,000
Price Per SF
$343
Cap Rate
5.88%
NOI
$252,734
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,536 SF
Building FAR
0.27
Land Acres
1.08 AC
Zoning
B-4P, Plantation - OFFICE & MEDICAL B-4P
Parking
58 Spaces (4.63 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Courtyard
- Signage
- Partitioned Offices
- Reception
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 50-41-03-51-0010 | Improvements Assessment | $1,508,570 |
| Land Assessment | $376,560 | Total Assessment | $2,069,180 |
PROPERTY TAXES
Parcel Number
50-41-03-51-0010
Land Assessment
$376,560
Improvements Assessment
$1,508,570
Total Assessment
$2,069,180
-
Warren Stein -
Pamela Wetmore -
Murray Realties, Inc.
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PLAZA AT CITY HALL | 7301 NW 4th St
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