For Sale
$2,300,000

7155-7159 Pembroke RdPembroke Pines, FL 33023

13-Unit Retail & Office Complex, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully occupied, 13-unit multi-tenant property in Pembroke Pines, Florida. The portfolio comprises three buildings totaling 14,000 square feet of gross area and 13,300 square feet of net rentable space, situated on a 0.29-acre lot. Built in 1965, this mixed-use property includes restaurant, shopping center, and storefront spaces, currently boasting 100% occupancy with thirteen tenants on month-to-month leases. The property's strategic location at the northeast corner of Pembroke Road and SW 72nd Avenue benefits from approximately 65,000 vehicles of daily traffic. The B3 zoning allows for a variety of uses. The asking price is $2,300,000, projecting a pro-forma cap rate of 9.21%. The property offers significant value-add potential through rent increases and lease renewals. Owner financing is available, providing flexibility for qualified buyers. The portfolio includes three buildings, each two stories high, with the property identified by APN numbers 51-41-23-12-0190

Highlights

  • High-traffic corner location at Pembroke Rd and SW 72nd Ave, with approx. 65,000 vehicles daily.
  • Significantly below-market rents with short-term leases and in-demand small suites, offering value-add potential.
  • Owner financing available for qualified buyers.
  • Strong demographics: Average household income of $83,000 within a 1-mile radius.
  • Excellent access to major highways including the Florida Turnpike, University Dr, Pembroke Rd, and State Road 7 (441).
  • Proximity to North Perry Airport, generating a $285 million annual economic impact.

Property Details for 7155-7159 Pembroke Rd

Property type
Lifestyle centers, Power centers
Square Feet
14,000 SF
Year Built
1965
Buildings
3
Stories
2
Lot Size (sq. ft)
12,632 SF
Units
13

Location Insight

City
Pembroke Pines
County
Broward
State
Florida
Latitude
25.994990568377
Longitude
-80.230492392909
7155-7159 Pembroke Rd, Pembroke Pines, Florida

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7155-7159 Pembroke Rd
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