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3800 S Ocean Dr - The Hallmark 2,593 SF Office Condo Unit Offered at $2,093,880 CAD in Hollywood, FL 33019
INVESTMENT HIGHLIGHTS
- Great visibility and Signage on heavily populted Ocean Drive / A1A
EXECUTIVE SUMMARY
2,593 sq. ft. recently remodeled with upscale interiors, contains 9 private offices, and a conference room. Close to major retailers, residences, and offices in the area. Zoned C-1: This district is intended to provide standards for the sale of goods and services near residential neighborhoods. Main Permitted Uses: Offices. Personal Services. Places of worship, meeting halls and fraternal lodges. Retail sales (indoor) Schools, recreational or cultural. Seller financing available with 25% to 30% down payment. Owner will leaseback at $5,400 per Month for 3 years (3x2 years options at 5% CAP). Avg. HH Income 2019 – 72,722 (5 Mile) and Avg. Projected Population 2024 – 308,733 (5 Mile) Tax - 11,054 Condo fee general - 9,216 Condo fee commercial - 1,1361 Insurance - 1,280
PROPERTY FACTS
| Total Building Size | 56,347 SF | Typical Floor Size | 2,750 SF |
| Property Type | Office (Condo) | Year Built | 1981 |
| Building Class | B | Lot Size | 4.78 AC |
| Floors | 16 | Parking Ratio | 0.04/1,000 SF |
| Zoning | C-1 - Small-scale neighborhood commercial uses like offices and professional services. | ||
| Total Building Size | 56,347 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 16 |
| Typical Floor Size | 2,750 SF |
| Year Built | 1981 |
| Lot Size | 4.78 AC |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | C-1 - Small-scale neighborhood commercial uses like offices and professional services. |
AMENITIES
- 24 Hour Access
- Banking
- Bus Line
- Controlled Access
- Courtyard
- Property Manager on Site
- Security System
- Signage
- Waterfront
- High Ceilings
- Reception
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
1 UNIT AVAILABLE
Unit G-9
| Unit Size | 2,593 SF | Sale Type | Investment |
| Price | $2,093,880 CAD | Cap Rate | 4.90% |
| Price Per SF | $807.51 CAD | NOI | $102,537.31 CAD |
| Condo Use | Office | No. Parking Spaces | 5 |
| Unit Size | 2,593 SF |
| Price | $2,093,880 CAD |
| Price Per SF | $807.51 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| NOI | $102,537.31 CAD |
| No. Parking Spaces | 5 |
DESCRIPTION
End Unit with great visibility and signage
SALE NOTES
Condo fee $20,577 per year
Tax 11,054 Ins 1,280
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Sareen and Associates CPAs and Sareen Realty |
2,593 SF
|
March 2024
|
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3800 S Ocean Dr - The Hallmark
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