2825-55 University Dr
Coral Springs,
Florida
33065
Property Use Type: Investment
Type: Office
Office Building
Building Size: 85,312 SF
Building Class: B
Lot Size: 71,750 SF
Occupancy: 92.00%
Price: $19,500,000
Price/SF: $228.57
Cap Rate: 5.50%
Year Built: 1987
Property Description:
Great opportunity to own in one of Coral Springs most sought after location. 2 class A buildings (side by side/the first building)1- is a 6 story tower the other 4 story-Located on University Dr. 61,874 of
Net rentable GI: $ 1,642,152, NOI: $1,067,700, current CAP at the asking price. Pro forma CAP Rate at 100% leased is over 7.00% for this well positioned asset-The Tower of Coral Springs are in the dynamic and highly sought after retail/office market of Coral Springs, arguably one of the best location in Broward County. The neighborhood surrounding The Coral Springs Towers is dominated by single family homes, other officebuildings, and commercial properties on University Dr. The property has excellent frontage on University, next to BankUnited in one of the busiest thoroughfares in Broward. The offices are in a strategic location which should insure continued high occupancy for the foreseeable future. Priced below replacement cost*** Investors are invited to make offers.
This offering is subject to errors, omissions, prior sale or withdrawal without notice.
Location Description:
Take University Dr North property is on the East side.
The City of Coral Springs has led the way in growth and development in Broward County since the founding of the Coral Springs Economic Development Foundation, Inc. in 1993. The City is proud of its accomplishments and having contributed to making Coral Springs the premier community in which to live, work and raise a family.
Property Types: Office Building
Institutional/Governmental No. Stories: 6
Medical Office Commission Split: 2%
Office-Business Park Parking Ratio: 2 / 1,000 SF
TaxID/APN: 4841-2102-1630
