Year Build: 0
Building Size: 25,000 SqFt.
No of Stories: 1
Total Lot Area: 89600.00 SqFt.
No of Parking: 0
No of Total Units: 15
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Capital Commercial is proud to market this wonderful opportunity to own a retail shopping center with 15 units with excellent frontage along W. McNab Road. The building has a total of 25,000+/- rentable square feet which makes this an unbelievable opportunity to own class B shopping center in a very good area for $80.00 per square foot. There is plenty of parking as the lot is over 2 acres. The shopping center is 100% occupied and rents are way below market, the current tenants rental rates are at an average of $7.91 per square foot. This investment is a value add deal a new owner could wait out the leases and rent the spaces for today's market rental rates for west Broward which are at a minimum of $12 dollars per square foot and would gross the new owner minimum $300,000 and make the shopping center's value increase to the $3,000,000 range in a short period of time.
Tamarac is ideally situated in western Broward County, and provides access to highways, railways, airports and waterways, and a wealth of cultural and sports activities. Tamarac covers a 12-squaremile area and is home to more than 65,000 residents and approximately 2,000 businesses.