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Angel Flower Plaza 3901-3937 N Andrews Ave 8,694 SF 90% Leased Retail Building Oakland Park, FL 33309 $2,373,404 CAD ($272.99 CAD/SF) 7% Cap Rate
Investment Highlights
- 8,694 SF on 0.47 acres with 160 Feet Frontage on N. Andrews Ave +/-24,000 VPD
- 147,323 residents within 3 miles, $1.8B total consumer spend
- 7.00% In-Place cap rate; 9.38% Year-3 Proforma Cap Rate
- Seller-financing Available
Executive Summary
Triumphant Commercial Group, as exclusive advisor, is pleased to present for sale Angel Flower Plaza, a value-add retail opportunity located at 3901-3937 N Andrews Ave, Oakland Park, FL 33309.
The Property is an 8,694 SF multi-tenant retail center on approximately 0.47 acres with 160 feet of direct frontage on N. Andrews Avenue, a corridor averaging +/-24,000 vehicles per day. Small-suite layout supports the service-oriented local tenants that dominate South Florida's neighborhood retail demand.
Value-Add Story: 7.00% in-place cap rate to a 9.38% proforma cap rate by Year 3, and seller financing available.
Location: Oakland Park is in a multi-year redevelopment cycle leading into its 2029 centennial. The Property is positioned minutes from Downtown Fort Lauderdale, Fort Lauderdale Executive Airport, and Chase Stadium.
The Property is an 8,694 SF multi-tenant retail center on approximately 0.47 acres with 160 feet of direct frontage on N. Andrews Avenue, a corridor averaging +/-24,000 vehicles per day. Small-suite layout supports the service-oriented local tenants that dominate South Florida's neighborhood retail demand.
Value-Add Story: 7.00% in-place cap rate to a 9.38% proforma cap rate by Year 3, and seller financing available.
Location: Oakland Park is in a multi-year redevelopment cycle leading into its 2029 centennial. The Property is positioned minutes from Downtown Fort Lauderdale, Fort Lauderdale Executive Airport, and Chase Stadium.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,694 SF
Building Class
C
Year Built
1970
Price
$2,373,404 CAD
Price Per SF
$272.99 CAD
Cap Rate
7%
NOI
$166,138 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.47 AC
Zoning
B-1 - B-1 - COMMUNITY BUSINESS
Parking
35 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Andrews Dental Care Center
- Health Care and Social Assistance
- -
- -
- -
- Full Gospel Assembly
- Services
- -
- -
- -
- Mahanaim Christian Alliance Church Of...
- Services
- -
- -
- -
- Momo Spa Health & Therapy Inc
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Andrews Dental Care Center | Health Care and Social Assistance | - | - | - | ||
| Full Gospel Assembly | Services | - | - | - | ||
| Mahanaim Christian Alliance Church Of... | Services | - | - | - | ||
| Momo Spa Health & Therapy Inc | Health Care and Social Assistance | - | - | - |
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-22-09-1430 | Improvements Assessment | $1,782,900 CAD |
| Land Assessment | $341,199 CAD | Total Assessment | $2,127,097 CAD |
Property Taxes
Parcel Number
49-42-22-09-1430
Land Assessment
$341,199 CAD
Improvements Assessment
$1,782,900 CAD
Total Assessment
$2,127,097 CAD
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Angel Flower Plaza | 3901-3937 N Andrews Ave
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