Shopping Neighborhood

Sunshine Plaza

6200 Johnson St, Hollywood, FL 33024

Listing Price: $1,486,000

Cap Rate
6.32%
Gross SF
10,650
Rentable SF
10,650
Price/Gross SF
$139.53
Lot Size
0.83 acres
Year Built
1975

Investment Overview

Marcus and Millichap is pleased to present for sale Sunshine Plaza (the “Property”), a 10,650-square-foot retail plaza in Hollywood, Florida. The Property is situated on a 0.83-acre parcel on the southwest signalized corner of Johnson Street and Northwest 62nd Avenue, directly alongside the Florida Turnpike. Sunshine Plaza consists of two buildings with seven rentable suites. The Property is currently 72-percent occupied, providing an investor with immediate upside in rental income by leasing the vacant suites. The current tenant base consists of a diverse mix of service oriented, e-commerce-resistant tenants including a restaurant, church, salon and tax services.

Investment Highlights

  • Immediate Upside in Rental Income by Leasing the Two Vacant Units
  • Service Oriented, E-Commerce-Proof Tenant Base
  • Small Suite Sizes Spanning from 700 to 2,500 Square Feet
  • Neighborhood Plaza with 174,000 People Within a 3-Mile Radius of the Property

Exclusively Listed By

Shopping Neighborhood

Sunshine Plaza

Listing Price: $1,486,000

Cap Rate
6.32%
Gross SF
10,650
Rentable SF
10,650
Price/Gross SF
$139.53
Lot Size
0.83 acres
Year Built
1975

Investment Highlights

  • Immediate Upside in Rental Income by Leasing the Two Vacant Units
  • Service Oriented, E-Commerce-Proof Tenant Base
  • Small Suite Sizes Spanning from 700 to 2,500 Square Feet
  • Neighborhood Plaza with 174,000 People Within a 3-Mile Radius of the Property

Investment Overview

Marcus and Millichap is pleased to present for sale Sunshine Plaza (the “Property”), a 10,650-square-foot retail plaza in Hollywood, Florida. The Property is situated on a 0.83-acre parcel on the southwest signalized corner of Johnson Street and Northwest 62nd Avenue, directly alongside the Florida Turnpike. Sunshine Plaza consists of two buildings with seven rentable suites. The Property is currently 72-percent occupied, providing an investor with immediate upside in rental income by leasing the vacant suites. The current tenant base consists of a diverse mix of service oriented, e-commerce-resistant tenants including a restaurant, church, salon and tax services.

Exclusively Listed By

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