5400 S University Dr
Davie, FL 33328
Sq. Ft.: N/A
University Park Holdings is a Class B office building with three (3) office/retail buildings located on South University Drive in Davie, FL. The property is situated on 8 acres of land, 1.8 of which is a small lake behind the property. There are a total of five buildings side-by-side, the two front buildings are owned by another entity. The properties share certain expenses, which helps reduce some costs for operating the property. The property is currently 98% leased with current rates of $16.50/ft for the base rent and $6.80/ft for the 2017 CAM charges. The proforma cap rate is 6.87% at 70% LTV.The property is primarily utilized for offices, with tenants such as Allstate & Chubb Insurance as well as TriSpark Media (1-800-411-PAIN) amongst other tenants.
MLS Area: 3200
Directions: From FL Turnpike, go west on Griffen Rd to University, go south and property is about 1 mile down on the left (east) side of University Dr. From I-595, exit at University Dr and go south, the property is about 3 miles on the east side of University Dr.
Heat/Cool: Central Individual A/C
Cooling: Central Individual A/C
Floors: Carpeted Floors, Tile Floors, Vinyl Floors
Construction: CBS Construction
Roof: Tar & Gravel Roof
Sewer: Public Sanitation
Water: Public Water
Electric: 110 Volts Power
Security System: Security Lighting, Security System
Parking Description: Common Parking, Free Parking, Security
Parking Spaces: 308
Lot Size in Acres: 8
Lot Size in Sq. Ft.: 348, 840
Lot Dimensions: 348840
Road Description: Divided
Waterfront Description: Pond Front
Has Waterfront: yes
Property Type: COM
Property SubType: Commercial/Industrial
Property SubType 2: Commercial
Year Built: 1990
Is an REO: No
Is Short Sale: No
Property Description: Office Complex - 3 Buildings
Tax Year: 2016
Tax Amount: 136, 015
Miscellaneous: Automobile Traffic, Exterior Lighting, Heavy Traffic, Landscaped, Lawn Sprinkler-City Water, Private Restrooms, Storage, Storm Sewers
$ per month
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of Solutions RE, LLC
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Miami data last updated at October 20, 2017 1:27 PM ET