Office Building | 8360 W Oakland Park Blvd
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Office Building 8360 W Oakland Park Blvd
26,298 SF 100% Leased Office Building Sunrise, FL 33351 $3,500,000 ($133/SF)
Investment Highlights
- Most AC’s installed in last 5 Years
- Renovated Elevator in 2021
- Koi pond in the atrium
- All bathrooms renovated in 2021
- ADA compliant ramp
- Full building surveillance system
Executive Summary
Apex Capital Realty is proud to present 8360 W Oakland Park Blvd, a recently renovated three-story office building located in Sunrise, Florida. This 26,298-square-foot office building sits on just under an acre of land. The property fronts Oakland Park Blvd, a major east-west corridor with high traffic counts of over 38,000 vehicles per day. Strategically positioned between the Florida Turnpike and Sawgrass Expressway, this office building offers exceptional accessibility to Pompano Beach, Margate, Oakland Park, Fort Lauderdale, and Coconut Creek.
8360 W Oakland Park Blvd presents a unique investment opportunity. Beyond its prime location, this asset is priced significantly below replacement cost and provides an immediate 8.31% cap rate on current income. This investment has tremendous value add potential considering the size of the office suites and the buildings low WALT. Lease rates of $50+ PSF gross have already been achieved for the smaller suites, and $35+ PSF gross have already been proven for the larger suites. New ownership will be able to take this current 8.31% cap rate to north of a 13% cap rate within 18 months.
Seller Financing Available
8360 W Oakland Park Blvd presents a unique investment opportunity. Beyond its prime location, this asset is priced significantly below replacement cost and provides an immediate 8.31% cap rate on current income. This investment has tremendous value add potential considering the size of the office suites and the buildings low WALT. Lease rates of $50+ PSF gross have already been achieved for the smaller suites, and $35+ PSF gross have already been proven for the larger suites. New ownership will be able to take this current 8.31% cap rate to north of a 13% cap rate within 18 months.
Seller Financing Available
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
26,298 SF
Building Class
B
Year Built/Renovated
1979/2021
Price
$3,500,000
Price Per SF
$133
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,766 SF
Building FAR
0.67
Lot Size
0.90 AC
Zoning
B-3
PROPERTY TAXES
| Parcel Number | 49-41-21-03-0055 | Improvements Assessment | $2,103,550 |
| Land Assessment | $587,630 | Total Assessment | $2,691,180 |
PROPERTY TAXES
Parcel Number
49-41-21-03-0055
Land Assessment
$587,630
Improvements Assessment
$2,103,550
Total Assessment
$2,691,180
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Office Building | 8360 W Oakland Park Blvd
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