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5400 S University Dr - $11,500,000

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University Park Holdings is a Class B office building with three (3) office/retail buildings located on South University Drive in Davie, FL. The property is situated on 8 acres of land, 1.8 of which is a small lake behind the property. There are a total of five buildings side-by-side, the two front buildings are owned by another entity. The properties share certain expenses, which helps reduce some costs for operating the property. The property is currently 98% leased with current rates of $16.50/ft for the base rent and $6.80/ft for the 2017 CAM charges. The proforma cap rate is 6.87% at 70% LTV. The property is primarily utilized for offices, with tenants such as Allstate & Chubb Insurance as well as TriSpark Media (1-800-411-PAIN) amongst other tenants.

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

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Listing courtesy of Solutions RE, LLC

Davie, Florida Commercial
$11,500,000

Last updated: 2/24/2018
ID: 271809922
MLS ID: A10354768
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Residence Information

Type: Commercial
Air conditioning: Central Air

Building Information

Built: 1990
Waterfront: Yes
Lot Size: 348,840 sf