7155-7159 Pembroke RdPembroke Pines, FL 33023

Property Details for 7155-7159 Pembroke Rd

Year built

1965

Lot size

0.29 AC

Property size (Sq ft)

14,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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

Location Insight

City

Pembroke Pines

County

Broward

State

Florida

Latitude

25.995

Longitude

-80.2305

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