Coral Shopping Center Corner Units
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Coral Shopping Center Corner Units
4 Properties Offered at $6,820,477 CAD in Fort Lauderdale, FL
INVESTMENT HIGHLIGHTS
- 100,000 VPD through intersections
- Diverse tenant mix and staggered lease periods
- Billboard-level signage on large parapets
EXECUTIVE SUMMARY
This sale includes four attached retail buildings, all with separate folios along with a contiguous parcel of land. The buildings are a total of 5,439sf and the land total is 7,181sf.
Three of the four existing buildings are stabilized with NNN leases. The additional lot on the west has permit-level plans for a new structure that is consistent with the others. The only vacant unit has had LOI's submitted for lease, but remains available for a potential owner-occupant. Offers will be considered for the owner-user unit alone, the buildable lot alone and/or the existing units alone. At the asking price the current income is a true in-place 5.25% CAP. Leasing the one vacant brings the property just a 7% CAP, however, building the new structure on the vacant lot efficiently, combined with pre-leasing is how this investment gets into the high 7-8% unlevered return range.
Please call LEVEL office for more detail if you have any questions.
Three of the four existing buildings are stabilized with NNN leases. The additional lot on the west has permit-level plans for a new structure that is consistent with the others. The only vacant unit has had LOI's submitted for lease, but remains available for a potential owner-occupant. Offers will be considered for the owner-user unit alone, the buildable lot alone and/or the existing units alone. At the asking price the current income is a true in-place 5.25% CAP. Leasing the one vacant brings the property just a 7% CAP, however, building the new structure on the vacant lot efficiently, combined with pre-leasing is how this investment gets into the high 7-8% unlevered return range.
Please call LEVEL office for more detail if you have any questions.
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Coral Shopping Center
3061 N Federal Hwy, Fort Lauderdale, FL 33306 |
Retail | 7,305 SF | 2021 | - |
|
New Build Lot
2206 Oakland Park Blvd, Fort Lauderdale, FL 33306 |
Land | 0.10 AC | - | - |
| 2202 E Oakland Park Blvd, Fort Lauderdale, FL 33306 | Retail | 1,389 SF | 1978 | - |
| 2212 E Oakland Park Blvd, Fort Lauderdale, FL 33306 | Retail | 1,440 SF | 1979 | - |
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Coral Shopping Center Corner Units
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