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College Plaza 7841-7899 Pines Blvd 98,253 SF 42% Leased Retail Building Pembroke Pines, FL 33024 For Sale
INVESTMENT HIGHLIGHTS
- Prime Location High-Visibility corner at Pines Blvd & N University Dr - 95,000+ VPD combined traffic
- Strong Demographics 469,525 residents within 5 miles; average household income over $94,000
- Diverse Tenant Mix Restaurants, personal services, medical, and retail uses for stability and draw.
- Significant Upside- Current occupancy at 43% allows for substantial NOI growth through lease-up. Many tenants are on short term leases.
- Large Land Site 8.86 acres 450 parking spaces and strong parking ratio of 4.88/1,000 SF
- Established Retail Corridor Publix Visits - 1.3M / Year & $72M in Sales Broward Meat & Fish of Pembrooke Pines Visits - 1.1M / Year
EXECUTIVE SUMMARY
College Plaza is a 98,253 SF multi-tenant retail center at the high-traffic intersection of Pines Boulevard and North University Drive in Pembroke Pines, FL, with daily traffic counts over 95,000. The property spans 8.86 acres and offers 450 parking spaces (4.9/1,000 SF ratio).
Currently 43% occupied, the center offers significant value-add potential through lease-up and repositioning including two vacant big-box spaces totaling 50,984 SF. Many of the existing tenants are on short-term leases at below-market rents, providing immediate upside as rents are brought to market rates. The mix includes dining, retail, medical, and service users, along with a few long-standing tenants that provide stability.
With nearly 470,000 residents within five miles and average household incomes above $94,000, College Plaza combines prime visibility, strong demographics, and
immediate upside in one of South Florida’s most desirable suburban markets.
Currently 43% occupied, the center offers significant value-add potential through lease-up and repositioning including two vacant big-box spaces totaling 50,984 SF. Many of the existing tenants are on short-term leases at below-market rents, providing immediate upside as rents are brought to market rates. The mix includes dining, retail, medical, and service users, along with a few long-standing tenants that provide stability.
With nearly 470,000 residents within five miles and average household incomes above $94,000, College Plaza combines prime visibility, strong demographics, and
immediate upside in one of South Florida’s most desirable suburban markets.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Supermarket
Building Size
98,253 SF
Building Class
B
Year Built/Renovated
1976/2005
Percent Leased
42%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
8.86 AC
Zoning
B-3 - General Business
Parking
450 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
980’ on Pines Blvd
AMENITIES
- Freeway Visibility
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 51-41-15-05-0030 | Improvements Assessment | $18,507,817 CAD |
| Land Assessment | $7,040,670 CAD | Total Assessment | $25,548,487 CAD |
PROPERTY TAXES
Parcel Number
51-41-15-05-0030
Land Assessment
$7,040,670 CAD
Improvements Assessment
$18,507,817 CAD
Total Assessment
$25,548,487 CAD
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College Plaza | 7841-7899 Pines Blvd
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