Office

9660 W Sample Rd

9660 W Sample Rd, Coral Springs, FL 33065

Listing Price: $2,300,000

Cap Rate
2.23%
Gross SF
14,900
Rentable SF
14,900
Price/Gross SF
$154.36
Lot Size
0.66 acres
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to exclusively present 9660 West Sample Road: a 14,900 square foot multi-tenant office building situated on .66 acres in Coral Springs, Florida. The property is currently 71.14% occupied by a mix of professional tenants on modified gross leases at below-market rents. This three-story office asset is positioned as an exceptional value-add opportunity for investors looking for considerable upside in a premier Broward County market.

9660 West Sample Road has direct frontage on West Sample Road, a major retail corridor, with a traffic count of over 39,000 vehicles per day and is easily accessed from the Florida Turnpike and Sawgrass Expressway. The subject property is within the Central Business District of Coral Springs and neighbors Broward Health Medical Center, the proposed Cornerstone development project, Coral Springs Government hub, and Downtown Coral Springs. Surrounding national retailers include Starbucks, Lucky's Market, CVS, Carrabba's, The Melting Pot, Hobby Lobby, Publix, LA Fitness, and Wendy's. Additionally, the immediate area has strong demographics with a population of over 339,353 within a five-mile radius of the subject property.

Coral Springs is an attractive city in the north-west corner of Broward County. The city is one of South Florida's fastest growing cities as residents and businesses are attracted to the city's remarkably low unemployment rate, recreational centers, restaurants, parks, retail, exceptional school districts, and convenient location. Coral Springs is recognized for its urban-suburban feel and plan to enhance its live-work-play model beginning with plans to revitalize the city's downtown. The proposed Cornerstone project, located .3 miles from the subject property, will kick-start the downtown transformation with an open-air, pedestrian-friendly gathering space. The project, set to be completed in 2022, will be comprised of shops, restaurants, entertainment, fitness centers, bars, a boutique hotel, 450 apartment units, and class A office space. Today the city is home to over 133,500 residents and 22,000 businesses, making it the fifth largest city in Broward County and the 15th largest in the state of Florida. Further, Coral Springs has been recognized by Americas Promise as 100 Best Communities for Young People and has made Money Magazine's list of 100 Best Places to Live.

Investment Highlights

  • Three-Story Office Building Comprised of 14,900 Rentable Square Feet
  • Considerable Upside by Increasing Rents and Occupancy
  • Located Next to Broward Health Medical Center and Downtown Coral Springs
  • Minutes from the Proposed Cornerstone Project
  • Direct Frontage on West Sample Road With Over 39,000 Vehicles Per Day

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

Listing Price: $2,300,000

Cap Rate
2.23%
Gross SF
14,900
Rentable SF
14,900
Price/Gross SF
$154.36
Lot Size
0.66 acres
Year Built
1984

Investment Highlights

  • Three-Story Office Building Comprised of 14,900 Rentable Square Feet
  • Considerable Upside by Increasing Rents and Occupancy
  • Located Next to Broward Health Medical Center and Downtown Coral Springs
  • Minutes from the Proposed Cornerstone Project
  • Direct Frontage on West Sample Road With Over 39,000 Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to exclusively present 9660 West Sample Road: a 14,900 square foot multi-tenant office building situated on .66 acres in Coral Springs, Florida. The property is currently 71.14% occupied by a mix of professional tenants on modified gross leases at below-market rents. This three-story office asset is positioned as an exceptional value-add opportunity for investors looking for considerable upside in a premier Broward County market.

9660 West Sample Road has direct frontage on West Sample Road, a major retail corridor, with a traffic count of over 39,000 vehicles per day and is easily accessed from the Florida Turnpike and Sawgrass Expressway. The subject property is within the Central Business District of Coral Springs and neighbors Broward Health Medical Center, the proposed Cornerstone development project, Coral Springs Government hub, and Downtown Coral Springs. Surrounding national retailers include Starbucks, Lucky's Market, CVS, Carrabba's, The Melting Pot, Hobby Lobby, Publix, LA Fitness, and Wendy's. Additionally, the immediate area has strong demographics with a population of over 339,353 within a five-mile radius of the subject property.

Coral Springs is an attractive city in the north-west corner of Broward County. The city is one of South Florida's fastest growing cities as residents and businesses are attracted to the city's remarkably low unemployment rate, recreational centers, restaurants, parks, retail, exceptional school districts, and convenient location. Coral Springs is recognized for its urban-suburban feel and plan to enhance its live-work-play model beginning with plans to revitalize the city's downtown. The proposed Cornerstone project, located .3 miles from the subject property, will kick-start the downtown transformation with an open-air, pedestrian-friendly gathering space. The project, set to be completed in 2022, will be comprised of shops, restaurants, entertainment, fitness centers, bars, a boutique hotel, 450 apartment units, and class A office space. Today the city is home to over 133,500 residents and 22,000 businesses, making it the fifth largest city in Broward County and the 15th largest in the state of Florida. Further, Coral Springs has been recognized by Americas Promise as 100 Best Communities for Young People and has made Money Magazine's list of 100 Best Places to Live.

Exclusively Listed By

Financing By

  • Robert Bhat

    First Vice President Capital Markets

    Direct:

    Email Robert

    Miami, FL

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