2585 University DrSunrise, FL 33322

Property Details for 2585 University Dr

Year built

1979

Construction

CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

2,520 SF

Zone code

B-3

Property type

Specialty properties

APN

49-41-28-08-1440

APU

494128081440

Description

This fee-simple medical office building presents a compelling investment opportunity. Located at 2585 N University Dr, Sunrise, FL 33322, this 2,500 square foot property is 100% occupied by Heartland Vet Partners, operating as Animal Hospital of University Drive, under a Net Lease agreement. The lease commenced June 1, 2021, and has approximately six years remaining, with two, three-year renewal options and 1.0% annual rent increases. The property boasts a 6.50% cap rate and a current NOI of $65,000. Situated on a 0.24-acre lot, the building was constructed in 1980 and benefits from a corporate guarantee. The property enjoys a prime location in a dense commercial corridor with high traffic volume (55,500 vehicles daily) and a large population base (over 458,000 residents within a five-mile radius). The area has experienced significant population growth (14.2% since 2010), and the property is near major retailers including Home Depot, Starbucks, Lowe's, Walmart, and several grocery stores. Sunrise's strategic location in Broward County provides easy access to major South Florida cities, contributing to its strong economic growth and making this a secure, long-term investment with a nationally renowned veterinary operator. The asking price is $1,000,000.

• Alternative Use

  Use

  Valuation

  Residential

  $857,551

  Hospitality

  $785,512

  Educational

  $653,537

  Medical

  $676,013

  Retail

  $1,016,613

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1561

Longitude

-80.2577

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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