Basic Information

  • MLS # A11046877
  • Type Office
  • Status Closed
  • Year Built 1977
  • Total Size 87,126 Sq.Ft / 2.00 Acre
  • Date Listed 05/24/2021
  • Days on Market 161
Description

The building currently has a few month to month tenants and is functional with active certificate of occupancies. The subject property is a valueadd opportunity with two paths. Renovating this office building in its current form. The recommended upgrades included paint both interior and exterior, new flooring, new roof, and new landscaping. The estimated costs of these renovations along with the new roof is 300,000. After stabilization based on current market rents in the area 22 a sf net, this property is projected to net 954,368 per year. Which will provide a strong 18 proforma capitalization rate. The second scenario would be to convert this existing building to a 100 unit, 126 bed licensed assisted living facility. Full city approvals to do this conversion.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Office

Interior Features

  • Adjusted Sqft 2.00 AcreSq.Ft
  • Sqft 2.00 Acre Sq.Ft

Property Features

  • Address 5975 W Sunrise Blvd
  • Aprox. Lot Size 87,126
  • Furnished Info no
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $77,419
  • Tax Legal desc DEL LAGO 70-32 B TR C W 217.779
  • Tax Year 0
  • Type of Property Office

5975 W Sunrise Blvd

Plantation, FL 33313

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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: REMAX 5 Star Realty. tel: 954-361-0000

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