Proposed Sawgrass Plaza JV Development Opportunity

8456 W Commercial Blvd Lauderhill, FL 33351

8456 W Commercial Blvd, Lauderhill, FL, 33351
8456 W Commercial Blvd, Lauderhill, FL, 33351
FOR SALE
Property Type:
Strip Center
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Jun 26, 2019

Highlights

  • 60000 SF JV Retail Development Opportunity
  • 50% Pre-Leased!
  • Less than 1/4 mile from Newly Developed Tamarac Village
  • Less than 2 miles East of Sawgrass Expressway
  • 1000 SF Frontage on W Commercial Blvd
  • Traffic Count in Excess of 50,000 AADT

Description

Great opportunity to purchase or to enter as a Joint Venture Development partner to complete the development, construction, and stabilization of the "Sawgrass Plaza" multi-tenant retail property. Sawgrass Plaza will contain approximately 60,000 square feet of Net Rentable Area ("NRA"), situated on a 6.4279-acre site that is currently vacant.

Sawgrass Plaza is fully entitled, and is currently 50 percent pre-leased. Located less than two miles east of the Sawgrass Expressway (SR 869) and about one-half mile west of North University Drive (SR 817), the site is within the municipality of Lauderhill, in the western portion of Broward County, Florida.

OFFERING PROCEDURE
The property owner is interested in a joint venture partnership with an experienced and well-capitalized retail developer, and would like to receive joint venture proposals from interested candidates. Secondarily, the property owner may consider an outright sale of the Fee Simple Interest in the site, along with all development approvals, entitlements, architectural, engineering, and pre-leasing.

South side of Commercial Blvd between N University Drive, less than 1/4 mile from N Pine Island Drive. Less than 2 miles East of on and off ramp access to Sawgrass Expressway. Close proximity to Tamarac Village, a two-phase , Mixed Use project with 411-luxury rental units and retail.


Year Built: 2019
Building Size: 60000.0sq ft
Lot Size: 6.48 acres

Map of 8456 W Commercial Blvd, Lauderhill, FL, 33351

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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