1314 East Atlantic Boulevard LLC | 1314 E Atlantic Blvd
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1314 East Atlantic Boulevard LLC 1314 E Atlantic Blvd
15,750 SF Office Building Pompano Beach, FL 33060 $10,720,062 CAD ($681 CAD/SF) 1.23% Cap Rate
Investment Highlights
- Rare opportunity for Development with the possibility of increasing the number of units via City code 155.3709.E.3 Density Bonus Options
Executive Summary
A rare and great opportunity to purchase 1.887 Acres redevelopment parcel with 245' of frontage on East Atlantic Blvd. in Pompano Beach Florida, and obtain income ( NOI $91,876.00) while you are planning and waiting on permits. Traffic count as of 2022 on this section of East Atlantic is 34,399 cars per day. Zoned TO EOD ( Transportation Orientation East Overlay District) which allow various uses including residential multifamily, townhouses, a Boutique Hotel and Retail!
The properties consist of 8 parcels with 11 lots which comprise a 15,000 sf office building, parking lots, and four single family properties on the adjoining properties immediately to the south of the office building( formally Furman Insurance, currently Acrisure, LLC), and parking lot on East Atlantic Blvd. All the buildings are occupied-so do not contact or disturb the tenants in anyway. Note: The tenant in the Office building( Acrisure LLC) has a Lease through March 31, 2028, however, the Lease can be terminated with 1 year notice( possibly sooner). The tenants in the single family properties are on a month to month basis.
The properties consist of 8 parcels with 11 lots which comprise a 15,000 sf office building, parking lots, and four single family properties on the adjoining properties immediately to the south of the office building( formally Furman Insurance, currently Acrisure, LLC), and parking lot on East Atlantic Blvd. All the buildings are occupied-so do not contact or disturb the tenants in anyway. Note: The tenant in the Office building( Acrisure LLC) has a Lease through March 31, 2028, however, the Lease can be terminated with 1 year notice( possibly sooner). The tenants in the single family properties are on a month to month basis.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
15,750 SF
Building Class
C
Year Built
1970
Price
$10,720,062 CAD
Price Per SF
$681 CAD
Cap Rate
1.23%
NOI
$131,498 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,250 SF
Building FAR
0.19
Lot Size
1.89 AC
Zoning
TO-EOD - TO EOD - See Sales notes
Parking
92 Spaces (5.84 Spaces per 1,000 SF Leased)
Amenities
- Drop Ceiling
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Finance and Insurance | 99,999 SF | $9.99 | Jan 0000 |
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 49-42-01-05-0190 | Improvements Assessment | $29,205 CAD (2024) |
| Land Assessment | $336,336 CAD (2024) | Total Assessment | $365,541 CAD (2024) |
PROPERTY TAXES
Parcel Number
49-42-01-05-0190
Land Assessment
$336,336 CAD (2024)
Improvements Assessment
$29,205 CAD (2024)
Total Assessment
$365,541 CAD (2024)
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Presented by
Jack Prenner
1314 East Atlantic Boulevard LLC | 1314 E Atlantic Blvd
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