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1920 Building 1920 E Hallandale Beach Blvd 147,910 SF 95% Leased Office Building Hallandale Beach, FL 33009 $35,386,072 CAD ($239.24 CAD/SF) 6.19% Cap Rate
INVESTMENT HIGHLIGHTS
- LOCATION, LOCATION, LOCATION! OCEAN & INTRACOASTAL WATER VIEWS! UPSIDE POTENTIAL!
- HUGE UPSIDE POTENTIAL. REDEVELOPMENT POTENTIAL. RENTAL RATE INCREASES. RENEWALS, ZONING, CHANGE TO NNN LEASES
- NEAR TO EVERYTHING- MIAMI TO SOUTH AND FT. LAUDERDALE TO NORTH, US 1, A1A, I-95, HOLLYWOOD, AVENTURA
- RENTS $42-$49 SF GROSS COMPARED TO MUCH HIGHER PRICES IN AVENTURA
- THIS BUILDING OWNS "AIR RIGHTS" TO BUILDING NEXT DOOR. HBB EAST ZONING, CAN BUILD UP TO 25 STORIES HIGH
- ONLY BUILDING WITH HURRICANE IMPACT WINDOWS & GENERATOR (EXCEPT NEW BUILDINGS)
EXECUTIVE SUMMARY
LOCATION, LOCATION, LOCATION! CAN'T GET BETTER THAN THIS LOCATION FOR THE PRICE! OCEAN, INTRACOASTAL VIEWS!
HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT/RENEWALS, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING (CAN BUILD UP TO 25 STORIES HIGH, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $42 SF TO $49 SF GROSS. SHORTER TERM LEASES- GOOD FOR DEVELOPER AND CAN INCREASE RENTS HIGHER THAN ANNUAL 5% INCREASES.
BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 96-100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 72,000 GROSS SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES.
THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER! CALL FOR CURRENT PACKAGE AND NUMBERS.
CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.
HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT/RENEWALS, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING (CAN BUILD UP TO 25 STORIES HIGH, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $42 SF TO $49 SF GROSS. SHORTER TERM LEASES- GOOD FOR DEVELOPER AND CAN INCREASE RENTS HIGHER THAN ANNUAL 5% INCREASES.
BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 96-100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 72,000 GROSS SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES.
THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER! CALL FOR CURRENT PACKAGE AND NUMBERS.
CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
147,910 SF
Building Class
B
Year Built/Renovated
1972/1998
Price
$35,386,072 CAD
Price Per SF
$239.24 CAD
Cap Rate
6.19%
NOI
$2,191,505 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
15,400 SF
Slab To Slab
12’
Building FAR
5.66
Lot Size
0.60 AC
Zoning
CCB - 18-02 - Office Building, Multi Tenant
AMENITIES
- Bus Line
- Conferencing Facility
- Food Service
- Property Manager on Site
- Signage
- Accent Lighting
- Hardwood Floors
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Move in ready. 2 offices open area.
Available immediately. Great views. Newly updated. 5 offices, open areas, bathroom, kitchen, reception, great views. Move-in-ready. $5,500 per month plus sale tax.
Move-In-ready. Asking $2,950 month plus sales tax. Updated, 2 offices and open area. May give free rent- ask
Available to move in. 2 offices, reception open area.
| Space | Size | Space Use | Condition | Available |
| 5th Fl-Ste 510 | 1,058 SF | Office | Partial Build-Out | Now |
| 5th Fl-Ste 510 | 1,058 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 703 | 1,537 SF | Office | Partial Build-Out | Now |
| 7th Fl-Ste 703 | 1,537 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 706 | 755 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 706 | 755 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 801 | 711 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 803 | 723 SF | Office | Full Build-Out | Now |
5th Fl-Ste 510
| Size |
| 1,058 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
5th Fl-Ste 510
| Size |
| 1,058 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 703
| Size |
| 1,537 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
7th Fl-Ste 703
| Size |
| 1,537 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 706
| Size |
| 755 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 706
| Size |
| 755 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 801
| Size |
| 711 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 803
| Size |
| 723 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 510
| Size | 1,058 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Move in ready. 2 offices open area.
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
5th Fl-Ste 510
| Size | 1,058 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
7th Fl-Ste 703
| Size | 1,537 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Available immediately. Great views. Newly updated. 5 offices, open areas, bathroom, kitchen, reception, great views. Move-in-ready. $5,500 per month plus sale tax.
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
7th Fl-Ste 703
| Size | 1,537 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
7th Fl-Ste 706
| Size | 755 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Move-In-ready. Asking $2,950 month plus sales tax. Updated, 2 offices and open area. May give free rent- ask
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
7th Fl-Ste 706
| Size | 755 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
8th Fl-Ste 801
| Size | 711 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
8th Fl-Ste 803
| Size | 723 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Available to move in. 2 offices, reception open area.
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 51-42-26-08-0110 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $12,474,701 CAD |
PROPERTY TAXES
Parcel Number
51-42-26-08-0110
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,474,701 CAD
1 of 66
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1920 Building | 1920 E Hallandale Beach Blvd
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