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8440-8460 W Broward Blvd
Fort Lauderdale, FL 33324
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trophy Retail Location in Central Broward County – Positioned directly along West Broward Boulevard just west of University Drive.
- Strong Tenant Stability – Existing long-term tenancy provides cash flow stability, while the vacant suite, offers full re-tenanting flexibility.
- Excellent Accessibility – The property offers direct access to I-595, the Florida Turnpike, and I-75 within a 10-minute drive.
- Value-Add Lease-Up Opportunity – With over 50% vacancy, the building offers significant lease-up potential and pro-forma rents.
- Dense Demographics & Affluent Trade Area – Over 129,000 residents live within a 3-mile radius, with average household incomes exceeding $95,000.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the exclusive offering of 8440 West Broward Boulevard, a ±8,650-square-foot, two-tenant retail building located in the center of Plantation, Florida. Situated on a 1.6-acre parcel, the property is currently 44% occupied, anchored by a long-standing tenant and offering immediate lease-up potential of the remaining ±4,850 square feet. This net-leased asset presents a rare opportunity to acquire a well-located retail building with substantial upside through lease-up and rental mark-to-market. The asset benefits from strong in-place cash flow, with the potential to increase net operating income by more than 470% under full pro forma assumptions.
Located along one of Broward County’s most heavily traveled corridors, the property offers outstanding visibility and access, with exposure to over 33,000 vehicles per day. Surrounded by national retailers, professional office parks, and dense residential neighborhoods, the property’s strategic location is ideal for attracting both local and regional tenants.
Located along one of Broward County’s most heavily traveled corridors, the property offers outstanding visibility and access, with exposure to over 33,000 vehicles per day. Surrounded by national retailers, professional office parks, and dense residential neighborhoods, the property’s strategic location is ideal for attracting both local and regional tenants.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,650 SF
Building Class
B
Year Built
2003
Price
$6,232,095 CAD
Price Per SF
$720.47 CAD
Cap Rate
1.34%
NOI
$83,686 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.60 AC
Zoning
SPI-3 - Special Public Interest District
Parking
82 Spaces (9.48 Spaces per 1,000 SF Leased)
Frontage
161’ on W Broward Blvd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 50-41-09-15-0020 | Improvements Assessment | $2,424,247 CAD |
| Land Assessment | $1,438,016 CAD | Total Assessment | $3,862,263 CAD |
PROPERTY TAXES
Parcel Number
50-41-09-15-0020
Land Assessment
$1,438,016 CAD
Improvements Assessment
$2,424,247 CAD
Total Assessment
$3,862,263 CAD
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