Log In/Sign Up
Your email has been sent.
4111 S Ocean Dr
Hollywood, FL 33019
Hyde NN Retail · Hospitality Property For Sale
Investment Highlights
- Terrazas has exclusive right to serve food and beverage in the entire building
- 30 parking spaces available for clients
- Increases: 4%
- Tenant also pays HOA fees (HOA: $53,351)
- Two 5-year options
- RE Tax: $30,000
Executive Summary
FA Commercial is pleased to present this NN property located at the 9th floor of the Hyde Beach. The Terrazas Restaurant/Pool Bar is on the 9th floor of the property, which is also home to the only pool in the building. Property Brochure: https://facommercial.com/properties/?propertyId=1247238-sale
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 30 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| No. Parking Spaces | 30 |
Description
HYDE NN RETAIL Welcome to Hyde NN Retail, a remarkable retail property for sale located at 4111 South Ocean Drive. Situated on the 9th floor of the prestigious Hyde Beach building, this property offers a unique opportunity for investors and business owners alike. With a spacious 6,000 square feet of space, this property is currently occupied by the highly sought-after Terrazas Restaurant/Pool Bar. Not only does Terrazas enjoy exclusive rights to serve food and beverage throughout the entire building, but it also has the only pool onsite, attracting a steady flow of customers year-round. One of the standout features of this property is Terrazas' below-market rent, providing a significant value-add opportunity for the savvy investor. Additionally, with 30 parking spaces available for clients and the tenant responsible for HOA fees, the potential return on investment is truly impressive. This retail gem comes with a lease that offers stability, with a base term of 4 years and two 5-year extension options. Furthermore, rental income is set to increase by 4% annually, ensuring long-term profitability. Don't miss your chance to acquire this prime retail property at Hyde NN Retail. Contact us today to seize this incredible investment opportunity!
DOWNLOAD BROCHURE- https://facommercial.com/properties/?propertyId=1247238-sale
DOWNLOAD BROCHURE- https://facommercial.com/properties/?propertyId=1247238-sale
Sale Notes
Terrazas rent is well under market, providing a huge value add opportunity
Terrazas has exclusive right to serve food and beverage in the entire building
Tenant also pays HOA fees (HOA: $53,351)
30 parking spaces available for clients
Two 5-year options
Increases: 4%
RE Tax: $30,000
Terrazas has exclusive right to serve food and beverage in the entire building
Tenant also pays HOA fees (HOA: $53,351)
30 parking spaces available for clients
Two 5-year options
Increases: 4%
RE Tax: $30,000
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Retail | 6,000 SF | Retail | Upon Request | $366,754.89 CAD |
Unit Retail
| Unit Size |
| 6,000 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $366,754.89 CAD |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit Retail
| Unit Size | 6,000 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $366,754.89 CAD |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| No. Parking Spaces | 30 |
| Description | |
| HYDE NN RETAIL Welcome to Hyde NN Retail, a remarkable retail property for sale located at 4111 South Ocean Drive. Situated on the 9th floor of the prestigious Hyde Beach building, this property offers a unique opportunity for investors and business owners alike. With a spacious 6,000 square feet of space, this property is currently occupied by the highly sought-after Terrazas Restaurant/Pool Bar. Not only does Terrazas enjoy exclusive rights to serve food and beverage throughout the entire building, but it also has the only pool onsite, attracting a steady flow of customers year-round. One of the standout features of this property is Terrazas' below-market rent, providing a significant value-add opportunity for the savvy investor. Additionally, with 30 parking spaces available for clients and the tenant responsible for HOA fees, the potential return on investment is truly impressive. This retail gem comes with a lease that offers stability, with a base term of 4 years and two 5-year extension options. Furthermore, rental income is set to increase by 4% annually, ensuring long-term profitability. Don't miss your chance to acquire this prime retail property at Hyde NN Retail. Contact us today to seize this incredible investment opportunity!<br> <br> DOWNLOAD BROCHURE- https://facommercial.com/properties/?propertyId=1247238-sale</li></ul> | |
| Sale Notes | |
| Terrazas rent is well under market, providing a huge value add opportunity<br> Terrazas has exclusive right to serve food and beverage in the entire building<br> Tenant also pays HOA fees (HOA: $53,351)<br> 30 parking spaces available for clients<br> Two 5-year options<br> Increases: 4%<br> RE Tax: $30,000</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 50,250 SF | Floors | 41 |
| Property Type | Hospitality (Condo) | Typical Floor Size | 1,226 SF |
| Property Subtype | Serviced Apartment | Year Built | 2017 |
| Building Class | B | Lot Size | 1.34 AC |
| Zoning | PD - Condo Multiplex | ||
| Total Building Size | 50,250 SF |
| Property Type | Hospitality (Condo) |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Floors | 41 |
| Typical Floor Size | 1,226 SF |
| Year Built | 2017 |
| Lot Size | 1.34 AC |
| Zoning | PD - Condo Multiplex |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Spa
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 49 | $942.54 CAD | - |
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
