Located in the heart of Plantation, Florida, this retail shopping plaza offers a rare opportunity for savvy investors to acquire a well-positioned property with significant upside potential. The plaza is strategically situated in a high-traffic area, surrounded by a diverse and growing community with excellent visibility and easy access to major roadways.
Overview
- Updated On:
- February 5, 2025
Description
Located in the heart of Plantation, Florida, this retail shopping plaza offers a rare opportunity for savvy investors to acquire a well-positioned property with significant upside potential. The plaza is strategically situated in a high-traffic area, surrounded by a diverse and growing community with excellent visibility and easy access to major roadways.
Address: 1806-1856 N Pine Island Rd
City: Plantation
State/County: Florida
Zip: 33322
Country: United States
Property Id: 11783
Overview:
Asking Price: $4,000,000.00
OPEX: $6.34 PSF
CAP Rate: 8.2% at market rents, 3.8% current rents
Seller has owned this property over 45 years.
Demographics:
| 2 mile | 5 mile | 10 mile | |
| 2024 Population | 83,023 | 409,034 | 1,204,003 |
| 2024 Households | 34,349 | 156,884 | 458,781 |
| Average Household Income | $81,247 | $78,527 | $90,552 |
Highlights:
- Tremendous Upside for a seasoned landlord.
- All leases are under market and are charged as Gross rents.
- More than half the tenants are M-T-M.
- Plenty of parking for customers, patients and employees.
- In the Heart of Plantation.
- Rear of property is on a canal for a peaceful environment.
Overview:
Asking Price: $4,000,000.00
OPEX: $6.34 PSF
CAP Rate: 8.2% at market rents, 3.8% current rents
Seller has owned this property over 45 years.
