Single-Tenant Office
Davie Net Leased Office Condo
5599 S University Dr, Davie, FL 33328
Listing Price: $625,000
Cap Rate
8.51%
Tenant Name
Ryan Incorporated Southern
Years Remaining On Lease
2.4
Gross SF
1,331
Guarantor
Personal Guarantee
Rentable SF
1,331
Price/Gross SF
$469.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.94
Investment Overview
Marcus & Millichap is pleased to present for sale, Davie Net Leased Office Condo located in Davie, Florida.
Davie Net Leased Office Condo
Investment Highlights
- Rare Opportunity to Acquire a NNN-Lease Office Condo in Davie, Florida Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor who Employs 500 People
- NNN Lease Terms Allow for Ease of Management, Tenant has Annual Base Rent Increases Equal to CPI or 5% Whichever is Greater
- A Unique NNN Investment Opportunity Offering a High Cash Return of 8.5% With Built-In Rental Growth and Stability of Cash Flow
Listing Price: $625,000
Cap Rate
8.51%
Tenant Name
Ryan Incorporated Southern
Years Remaining On Lease
2.4
Gross SF
1,331
Guarantor
Personal Guarantee
Rentable SF
1,331
Price/Gross SF
$469.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.94
Investment Highlights
- Rare Opportunity to Acquire a NNN-Lease Office Condo in Davie, Florida Anchored by Ryan Southern Construction, an Established Civil and Site Development Contractor who Employs 500 People
- NNN Lease Terms Allow for Ease of Management, Tenant has Annual Base Rent Increases Equal to CPI or 5% Whichever is Greater
- A Unique NNN Investment Opportunity Offering a High Cash Return of 8.5% With Built-In Rental Growth and Stability of Cash Flow
Investment Overview
Marcus & Millichap is pleased to present for sale, Davie Net Leased Office Condo located in Davie, Florida.
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