11300 Wiles RdCoral Springs, FL 33076

Property Details for 11300 Wiles Rd

Year built

1986

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

7,315 SF

Zone code

B-3

Property type

Distribution centers

APN

48-41-17-CB-0010

APU

484117CB0010

Description

This exceptional investment opportunity presents a 7,315 square foot, multi-tenant flex space located at 11300 & 11308 Wiles Road in Coral Springs, Florida. The property, built in 1986, boasts a prime location within the Wiles Business Center, offering excellent visibility and accessibility. Situated on a 0.164-acre lot, the single-story building features two units totaling 7,315 square feet, currently 100% occupied by two tenants, including the anchor tenant Sherwin-Williams. The property includes four dock-high doors, a 20-foot ceiling height, and ample parking with 108 spaces. The zoning is B, and the property is classified as Class B with a Net Lease (NNN) investment type. The asking price is $3,100,000, representing a 4.00% cap rate and a price per square foot of $423.79. The property benefits from its strategic location, offering convenient access to major roadways such as the Sawgrass Expressway, Florida's Turnpike, and I-95. Its proximity to Costco further enhances its desirability. Rent bumps are included in the lease agreements. This is a rare opportunity to acquire a well-located, multi-tenant commercial property with a national tenant in a thriving area. The property's features, strong tenant occupancy, and prime location make it an attractive investment prospect.

• Alternative Use

  Use

  Valuation

  Residential

  $2,107,052

  Hospitality

  $1,930,048

  Educational

  $1,605,778

  Medical

  $1,661,003

  Retail

  $2,497,876

Location Insight

City

Coral Springs

County

Broward

State

Florida

Latitude

26.2868

Longitude

-80.2769

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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