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potential cap rate over 9%, renovated 4-story marble lobby with upgraded finishes. I. All CENTRAL air conditioning units and two elevators, electric sensors all throughout the building, completely upgraded addressable fire alarm system with complete coverage, monitoring system all throughout the building. Parking surrounds the building, New electrical. Building has over over 97% occupancy on annual basis. Luxurious class B office retail building in an Opportunity Zone. Daily traffic counts exceed 50,000 vehicles per day. Renovated building has new impact windows, marble bathrooms. Doctors office suite #105 coming up for lease renewal is over 1700 sf on ground floor. X-ray room and complete setup for urgent care office. See attachment for floor plan.

PROPERTY FEATURES

Number of Units : 76 Number of Toilets : 10
Water Description : Public Water Sewer Description : Public Sanitation Electric Service : 110 Volts Power
Parking Description : Guest Parking Number of Parking Spaces : 100
Security Information : Security System Fire Protection : Other Fire Protection,Smoke Alarm,Smoke Detector
Lot Frontage : 200
Type of Building : Commercial,Medical Office,Office Space,Office/Retail Approximate Lot Size: 65,743
Heating Description : Central Building A/C,Central Individual A/C Cooling Description : Central Building A/C,Central Individual A/C
Construction Type : Cbs Construction
Floor Description : Marble/Slate Floors,Tile Floors,Wood Floors Number of Floors : 4
Geographic Area : Tamarac/Snrs/Lderhl (3650-3670;3730-3750;3820-3850) Zoning Information : B-2

PROPERTY DETAILS

Street Address: 4000 N State Road 7
City: Lauderdale Lakes
State: Florida
Postal Code: 33319
County: Broward County
MLS Number: F10389316
Year Built: 1975
Courtesy of Sopher Realty

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