Pembroke Plaza Portfolio

7155-7159 & 7161 Pembroke Rd Pembroke Pines, FL 33023

7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023
7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023
FOR SALE
Property Type:
Strip Center
Amount:
$2,300,000
Last Verified:
Dec 14, 2024

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Highlights

  • Strategically Situated At The Intersection of Pembroke Rd and SW 72nd Ave With +/- 65,000 Combined Daily Traffic Count
  • Significantly Under Market Rents with Short Term Leases and Small In Demand Suite Sizes
  • Owner Financing Available Offering Greater Flexibility & Quicker Closing Opportunities
  • Average Household Income of $83,000 Within 1-Mile Radius
  • Easy Access to Major Highways and Throughfares including the Florida Turnpike, University Dr, Pembroke Rd and State Road 7 (441)
  • Located Adjacent to The North Perry Airport Which - 314,000 Flight Operations Annually Generates a $285 Million Annual Economic Impact

Description

SVN Commercial Partners, as exclusive advisor, is pleased to present for sale, Pembroke Plaza Portfolio ("the Properties"). This offering consists of two contiguous properties located at 7155–7159 Pembroke Rd (Southern Property) with +/-6,265 SF and 7161 Pembroke Rd (Northern Property) with +/-7,000 SF. Together, the Properties offer a combined gross leasable area of +/-13,265 SF and can be purchased individually or as a portfolio.

Pembroke Plaza Portfolio is fully occupied, with all units leased on a month-to-month basis. This provides an investor with the opportunity to realize substantial income growth immediately by raising rents and enhancing tenancy. Owner financing is available, offering flexibility for qualified buyers.

The Properties are located at the northeast signalized intersection of Pembroke Rd and SW 72nd Ave in Pembroke Pines, Florida, with a combined daily traffic count of approximately 65,000 vehicles. The northern Property features a mixed-use configuration, including four retail/office units on the ground floor and four multifamily units on the second floor. The southern Property consists of five retail/office units. Adjacent to North Perry Airport, which handles 314,000 annual flight operations and generates a $285 million economic impact, the Properties benefit from a steady flow of foot traffic.

Situated within a thriving residential community, the Properties are surrounded by a population of approximately 187,000 people within a 3-mile radius and an average household income of $83,000 within a 1-mile radius. Major retailers and attractions nearby include Sam's Club, Walmart, Lowe's Home Improvement, and Publix.

Strategically located in the thriving city of Pembroke Pines, Pembroke Plaza Portfolio offers unparalleled accessibility to major attractions and neighboring communities. Positioned at the bustling intersection of Road and SW 72nd Ave, this property is minutes away from the Florida’s Turnpike, providing seamless connectivity to the greater Miami-Dade and Broward areas, while also serving the local suburban population. Pembroke Pines is renowned for its family-friendly atmosphere, diverse shopping destinations, and entertainment hubs, such as The Shops at Pembroke Gardens and the Pembroke Lakes Mall. The area’s variety of dining options, coupled with a strong sense of community, creates a dynamic, walkable environment that attracts both local residents and visitors year-round. With ample on-site city parking and easy access from main roads, Pembroke Plaza Portfolio is ideally positioned to serve both tenants and customers. Its proximity to Broward College South, where students frequently seek off-campus housing, allows the property to capture this demand. Additionally, its location near popular residential neighborhoods like The Residences at Monterra, Pembroke Falls, and Century Village, along with attractions such as CB Smith Park and Flamingo Gardens, enhances its appeal as a sought-after retail and service destination. Additionally, the Property is just a short drive from major cultural and recreational landmarks, including the North Perry Airport, Hard Rock Stadium and Miramar Cultural Center, adding to its draw for businesses aiming to tap into the broader South Florida market. The area's strong retail demand, coupled with limited available space, ensures steady customer flow and long-term growth potential.


Year Built: 1965
Building Size: 14000sq ft
Building Class: C
Lot Size: 0.29 acres

Map of 7155-7159 & 7161 Pembroke Rd, Pembroke Pines, FL, 33023

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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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