1401 University Dr, Coral Springs, FL 33071
2 Office Properties Offered at $22,000,000 in Multiple Locations
Asking Price $22,000,000
- Property Type
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Office
Listing Contacts
- Property Info
Property Overview
Presenting two prime office buildings for sale at 1401 N University Drive and 1100 Park Central Boulevard in the bustling cities of Coral Springs and Pompano Beach. Strategically located, these properties collectively boast an impressive 70% occupancy rate, ensuring stable cash flow and upside for future ownership.
Bank of America Center at 1401 N University Drive is a beacon of modernity in Coral Springs. With 82% occupancy, this impeccably maintained office building, the Bank of America Center, offers nearly 50,000 square feet of premier office space, including a convenient banking drive-thru. Its prime position along University Drive grants easy access to amenities, making it an attractive choice for tenants and investors.
Park Central 1, at 1100 Park Central Boulevard, is a gem in Pompano Beach. Boasting a remarkable 95% occupancy rate, Park Central 1 is a meticulously managed three-story building spanning over 75,000 square feet. It caters to diverse corporate needs, providing flexible space options for established companies and independent professionals. Its strategic location near Interstate 95 ensures seamless accessibility to airports and many amenities, enhancing its appeal to discerning tenants.
With existing and assumable debt of $10,000,000 at a favorable interest rate of 3.7%, this portfolio ensures an immediate cash-on-cash return exceeding 10%, presenting an enticing investment opportunity in South Florida's thriving commercial real estate market.
Bank of America Center at 1401 N University Drive is a beacon of modernity in Coral Springs. With 82% occupancy, this impeccably maintained office building, the Bank of America Center, offers nearly 50,000 square feet of premier office space, including a convenient banking drive-thru. Its prime position along University Drive grants easy access to amenities, making it an attractive choice for tenants and investors.
Park Central 1, at 1100 Park Central Boulevard, is a gem in Pompano Beach. Boasting a remarkable 95% occupancy rate, Park Central 1 is a meticulously managed three-story building spanning over 75,000 square feet. It caters to diverse corporate needs, providing flexible space options for established companies and independent professionals. Its strategic location near Interstate 95 ensures seamless accessibility to airports and many amenities, enhancing its appeal to discerning tenants.
With existing and assumable debt of $10,000,000 at a favorable interest rate of 3.7%, this portfolio ensures an immediate cash-on-cash return exceeding 10%, presenting an enticing investment opportunity in South Florida's thriving commercial real estate market.
Highlights
- This North Broward County portfolio is a strategic investment boasting an immediate cash-on-cash return of over 12% and a combined 70% occupancy rate.
- Bank of America Center at 1401 N University Drive provides prime offices with convenient connectivity to I-95, I-595, I-75, and Florida's Turnpike.
- Park Central 1, 1100 Park Central Boulevard, boasts a breathtaking lobby with a vibrant skylight and accessibility to nearby amenities and airports.
- Take the chance to invest in two dynamic properties with an existing and assumable debt of $10,000,000 at a favorable interest rate of 3.7%.
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