Springtree

3801 North University Drive Sunrise, FL 33351

Sunrise
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$13,000,000
Last Verified:
Nov 14, 2024

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Highlights


Description

Introducing a prime investment opportunity in Sunrise, FL. This impressive 58,365 SF building, constructed in 1977, is prominently situated in the Central Broward area. Boasting an exceptional 98% occupancy rate, this property offers a stable and lucrative investment with strong tenant retention. The well-maintained building features modern amenities and a strategic location, ideal for attracting retail and street retail investors seeking a solid addition to their portfolio. Don't miss the chance to capitalize on this high-performing asset in a thriving commercial hub.

Lease Rate: $16.00-$18.00 PSF NNN

Discover the vibrant city of Sunrise, a dynamic location with an array of attractions and amenities. The area surrounding the property is known for its bustling retail activity, with nearby points of interest including the Sawgrass Mills mall, offering a plethora of retail outlets and dining options. The location also benefits from its proximity to major roadways, providing convenient access for shoppers and tenants alike. Additionally, the community is characterized by a diverse demographic, presenting an opportunity for retailers to cater to varied consumer preferences. With its strategic position and thriving commercial environment, Sunrise is an ideal place for retail and street retail investors seeking a dynamic market with abundant growth potential.


Year Built: 1977
Building Size: 58365sq ft
Lot Size: 3.87 acres

Units for Lease

Suite 313
Space Available: 1155 SF
Lease Type: Full Service

Price Per Sqft/Year: $18.00
3801 N University Dr, Suite 505
Space Available: 5426 SF
Lease Type: Gross

Price Per Sqft/Year: $18.00

Map of 3801 North University Drive, Sunrise, 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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.