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Sopher Center 4000 N State Road 7 37,150 SF 100% Leased Office Building Lauderdale Lakes, FL 33319 $7,300,662 CAD ($196.52 CAD/SF) 10.19% Cap Rate



EXECUTIVE SUMMARY
best deal in Broward County owner manger can net 10% present plus cap rate see building video on you tub ,https://youtu.be/3jnrzNEIfq0. Ideal for buyer that is looking to add to their current real estate portfolio, great opportunity, Call Rafael Sopher Broker/Owner for more information 305 528 0596 owners' real estate/management office is in the building suite #404. Completely renovated four story 37,150 feet (offered at $141 per sq foot) luxurious class B office/retail building , in the heart of Broward County(441). Daily traffic counts exceed 50,000 vehicles daily. new impact windows, marble bathrooms, marble lobby, 50-year recertification inspections completed. lots Parking ,New electrical throw-out the building , over 95% occupancy, cap rate potential is over 10% within 6 month of ownership lots of upside potential. Current modified building to local business needs. tenants: doctors, pharmacy, day care, hair salons, nursing school, lawyer’s office, tax office, insurance agency, health care providers, real estate office, general contractor, ac contractor, electrical contractor, mortgage broker ,many co sharing members units, and much more. expenses are approximately $7.00 per square foot. Easy to manage building ,great current income . See video: https://youtu.be/3jnrzNEIfq0 , building located in opportunity Zone ,many tax breakes.
Driving Directions: 441 between Oakland and commercial. (building is located in Opportunity Zone consultee with your CPA and Attorney about many tax advantages of owning a building in opportunity Zone )
great opportunity, see building 2/3/4 floors complete plans in attachment plus fire alarm with ground floor retail (life safety plane new)
Driving Directions: 441 between Oakland and commercial. (building is located in Opportunity Zone consultee with your CPA and Attorney about many tax advantages of owning a building in opportunity Zone )
great opportunity, see building 2/3/4 floors complete plans in attachment plus fire alarm with ground floor retail (life safety plane new)
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
37,150 SF
Building Class
B
Year Built/Renovated
1975/2014
Price
$7,300,662 CAD
Price Per SF
$196.52 CAD
Cap Rate
10.19%
NOI
$744,025 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,288 SF
Slab To Slab
11’
Building FAR
0.56
Lot Size
1.51 AC
Opportunity Zone
Yes
Zoning
B-2 - at B-2 Zoning.
Parking
130 Spaces (3.5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 49-42-19-00-0063 | Improvements Assessment | $3,340,499 CAD |
| Land Assessment | $1,844,275 CAD | Total Assessment | $5,184,775 CAD |
PROPERTY TAXES
Parcel Number
49-42-19-00-0063
Land Assessment
$1,844,275 CAD
Improvements Assessment
$3,340,499 CAD
Total Assessment
$5,184,775 CAD
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Sopher Realty
Sopher Center | 4000 N State Road 7
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