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5599 S University Dr - Davie Net Leased Condo - Ste 307 1,331 SF Office Condo Unit Offered at $854,338 CAD in Davie, FL 33328
Investment Highlights
- Rare Opportunity to Acquire a NNN-Lease Office Condo Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor
- A Unique NNN Investment Opportunity Offering a High Cash Return of 8.5% With Built-In Rental Growth and Stability of Cash Flow
- University Drive has Strong Traffic Count Over 50,000 Cars Per Day and Neighboring Household Income is Over $113,000 within One Mile of Subject
- NNN Lease Terms Allow for Ease of Management, Tenant has Annual Base Rent Increases Equal to CPI or 5% Whichever is Greater
- Located On South University Drive, Offering Prime University Frontage on One of Broward County’s Most Heavily Traveled North-South Corridors
- Surrounded by Multiple National Retailers and Destination Tenants Including Tower Shops, Target, Sawgrass Mills, TJ Maxx, Costco, and Home Depot
Property Facts
| Total Building Size | 27,000 SF | Typical Floor Size | 1,300 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Loft/Creative Space | Lot Size | 0.43 AC |
| Building Class | B | Parking Ratio | 96.24/1,000 SF |
| Floors | 3 | ||
| Zoning | B-2 - Commercial | ||
| Total Building Size | 27,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,300 SF |
| Year Built | 2006 |
| Lot Size | 0.43 AC |
| Parking Ratio | 96.24/1,000 SF |
| Zoning | B-2 - Commercial |
Amenities
- Banking
- Bus Line
- Property Manager on Site
- Natural Light
- Air Conditioning
1 Unit Available
Unit 307
| Unit Size | 1,331 SF | Sale Type | Investment |
| Price | $854,338 CAD | Cap Rate | 8.51% |
| Price Per SF | $641.88 CAD | NOI | $72,704.12 CAD |
| Condo Use | Office |
| Unit Size | 1,331 SF |
| Price | $854,338 CAD |
| Price Per SF | $641.88 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.51% |
| NOI | $72,704.12 CAD |
Sale Notes
Rare Opportunity to Acquire a NNN-Lease Office Condo in Davie, Florida Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor who Employs 500 People.
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Fortune Construction |
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|
February 2025
|
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5599 S University Dr - Davie Net Leased Condo - Ste 307
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