For Sale
$5,915,000

7421-7497 4Th StPlantation, FL 33317

High-yield office building, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
113
This single-story, 26,500 square foot office building, located at 7421-7497 NW 4th St, Plantation, FL 33317, presents a compelling value-add investment opportunity. Built in 1975 and renovated in 2018, the property boasts a 96% occupancy rate with 23 tenants primarily in medical, legal, and financial services. The building features ample parking and a diverse, stable rent roll with staggered lease expirations, ensuring consistent cash flow. Currently priced at $5,915,000 ($223.21/sq ft), this represents a significant discount compared to replacement cost. The property sits on a 2.01-acre lot and is zoned B-4P, Plantation. The building's strong net operating income (NOI) of $414,000 yields an attractive 7.00% capitalization rate. The property is a Class C building and is offered as a cash-flowing investment. A new roof was installed in May 2018. This is an excellent opportunity for investors seeking a stable, high-return investment in a desirable location. The property is owned by an LLC.

Highlights

  • $5,915,000 asking price for a value-add, cash-flowing office building.
  • 26,500 square feet, single-story building on a 2.01-acre lot in Plantation, Florida.
  • 7.00% cap rate with a $414,000 NOI and 96% occupancy.
  • Built in 1975, renovated in 2018, Class C property with 23 tenants in medical, legal, and financial services.
  • Priced at $223.21 per square foot, below replacement cost.

Property Details for 7421-7497 4Th St

Property type
Office properties, Medical offices
Square Feet
26,500 SF
Class
C
Year Built/Renovated
1975/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
87,556 SF

Location Insight

City
Plantation
County
Broward
State
Florida
Latitude
26.127175
Longitude
-80.248168
7421-7497 4Th St, Plantation, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7421-7497 4Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message