150 Pine Island RdPlantation, FL 33324

Property Details for 150 Pine Island Rd

Year built

1984

Construction

CONCRETE

Lot size

7.33 AC

Property size (Sq ft)

109,775 SF

Zone code

M-PM

Property type

Office properties

Property subtype

Office buildings

APN

50-41-09-22-0070

APU

504109220070

Description

This exceptional single-tenant office building, the First Horizon Financial Center, offers 102,007 square feet of premium workspace. Located in a M-PM zoned area, the property boasts a substantial 400 parking spaces, ensuring convenient access for employees and clients. The building consists of a single suite, providing a cohesive and efficient layout for a large organization or a company seeking a significant footprint. The property's APN is 504109220070. While the provided marketing materials highlight amenities such as upscale decor, flexible leasing options, and various support services, these are not features of this specific building. This listing focuses solely on the building itself and its key features. The substantial square footage, ample parking, and single-tenant occupancy make this property an ideal investment opportunity for a company seeking a large, self-contained office space. The M-PM zoning allows for a variety of commercial uses, providing flexibility for future expansion or adaptation. The property's size and parking capacity are significant advantages in a competitive market. Serious inquiries are encouraged to explore the potential of this impressive office building. Further details regarding the property's history, financial performance, and potential lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $32,636,476

  6.5%

  $30,125,978

  7%

  $27,974,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,429,730

  Geo Method

  $32,429,730

• Alternative Use

  Use

  Valuation

  Residential

  $37,356,212

  Hospitality

  $34,218,092

  Educational

  $28,469,050

  Medical

  $29,448,144

  Retail

  $44,285,188

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1183

Longitude

-80.2622

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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