3801 University DrSunrise, FL 33351

Property Details for 3801 University Dr

Year built

1976

Construction

CONCRETE

Lot size

3.41 AC

Property size (Sq ft)

58,365 SF

Zone code

B-3

Property type

Investment properties

Property subtype

Retail residential properties

APN

49-41-21-03-0190

APU

494121030190

Description

This exceptional retail property, Springtree Country Club Plaza, located at 3801 North University Drive in Sunrise, Florida (zip code 33351), offers a unique investment opportunity. Built in 1977, this multi-tenant building boasts a total of 58,365 square feet, with abundant parking available for patrons and employees. Currently, there are two suites available, providing flexible space options ranging from a minimum of 1,155 square feet to a maximum contiguous space of 5,426 square feet. A total of 6,581 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The property is ideally suited for a variety of retail uses, including coffee shops, pharmacies, and general street retail, as well as office space. The property's location in Broward County, Florida, provides excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. Lease rates are competitive, ranging from $16.00 to $18.00 per square foot, NNN. This property presents a compelling opportunity for businesses seeking a well-located, versatile retail space in a thriving community. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $21,516,618

  6.5%

  $19,861,492

  7%

  $18,442,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,725,392

  Geo Method

  $26,725,392

• Alternative Use

  Use

  Valuation

  Residential

  $19,861,492

  Hospitality

  $18,193,020

  Educational

  $15,136,380

  Medical

  $15,656,943

  Retail

  $23,545,480

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1718

Longitude

-80.2567

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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