Basic Information

  • MLS # A11195127
  • Type Mixed Use
  • Status Closed
  • Year Built 2017
  • Total Size 25,060 Sq.Ft / 0.58 Acre
  • Date Listed 04/28/2022
  • Days on Market 202
Description

Humana Medical Plan Inc, the tenant, is a Fortune 500 Company whose subsidiary Elite Health provides a wide range of medical services. The 2 folios 5480 5492 Griffin Rd have a building of 4,726 sf completed in 2017 on a 25,060sf lot with 26 parking spots. The 7-year lease commenced on Oct 2 2016. The last year of the lease commencing Sept 1, 2022 has an NOI of 131,345. Landlords responsibilities are limited to maintenance of the roof structure. The tenant must give notice to exercise their first of 2 five-year renewals by 043023. The NOI in the first year of the option is 135,286 with 3 increases annually. If the tenant whose current rent is below- market does not exercise its option it is projected that a new tenant would pay 37.50sf generating an NOI of 169,012.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description Common, Guest, Handicap
  • Style Mixed Use

Interior Features

  • Adjusted Sqft 0.58 AcreSq.Ft
  • Floor Description Ceramic Tile, Tile
  • Sqft 0.58 Acre Sq.Ft

Property Features

  • Address 5480-5492 Griffin Rd
  • Aprox. Lot Size 25,060
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $20,445
  • Tax Legal desc ZINNER PARK 43-3 B LOT 1 LESS PT DESCD AS,BEG AT NW COR OF LOT 1,S ALG WL 43.6, ELY 97.02,SELY 37.47,NLY 69.24, WLY 124.94 TO POB,TOGETHER
  • Tax Year 2021
  • Terms Considered Cash, Conventional
  • Type of Property Mixed Use

5480-5492 Griffin Rd

Davie, FL 33314

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty. tel: 305-672-6300

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