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Office

Sawgrass Executive Center

400 Sawgrass Corporate Pkwy, Sunrise, FL 33325

Listing Price: $4,500,000

Cap Rate
0.11%
Gross SF
24,932
Rentable SF
24,932
Price/Gross SF
$180.49
Lot Size
1.78 acres
Year Built
1989

Investment Overview

Marcus & Millichap is proud to present 400 Sawgrass Corporate Parkway, a two-story freestanding office building located within the Sawgrass International Corporate Park in Sunrise, Florida. Sawgrass Executive Center was built in 1989 and has been exceptionally maintained under current ownership. This office building is situated on a 1.78-acre parcel (or 77,685 square feet), offering approximately 24,932 square feet of rentable space. The Property is located within the highly occupied Sawgrass Executive Park submarket, which boasts a 90% occupancy rate. The surrounding three buildings situated in close proximity to the subject property have all been converted to office condominiums, making this opportunity the only option for a prospective investor to own and control one of the three office buildings located on the corner of North Harrison Parkway and Sawgrass Corporate Parkway.

The Subject property is currently 40 percent occupied with a variety of professional tenants including BAC Florida Bank, ProMedical Plan PHC, and Ophtec USA.

The Sawgrass Executive Center has been exceptionally maintained and provides professional curb appeal. The subject property has approximately 74 deeded surface parking spaces with access to additional shared parking if needed. Site improvements to the property include a card access security system, perimeter site landscaping, on-site drainage, along with pole and building mounted lighting.
The Property is located just off the Sawgrass Expressway (SR 869), which has high traffic counts of over 44,000 vehicles per day. The Subject property is also located on North Harrison Parkway which has traffic counts of over 33,600 vehicles per day and is 1.3 miles from Interstate 595 which has traffic counts of over 25,000 vehicles per day.

400 Sawgrass Corporate Parkway is the perfect opportunity for an investor to stabilize the building and bring the vacant suites up to market rents.

Investment Highlights

  • Value-Add Opportunity with Upside in Occupancy
  • Located within the Sawgrass International Corporate Park
  • Strategically Located Close to the Sawgrass Expressway and I-595

Exclusively Listed By

Listing Price: $4,500,000

Cap Rate
0.11%
Gross SF
24,932
Rentable SF
24,932
Price/Gross SF
$180.49
Lot Size
1.78 acres
Year Built
1989

Investment Highlights

  • Value-Add Opportunity with Upside in Occupancy
  • Located within the Sawgrass International Corporate Park
  • Strategically Located Close to the Sawgrass Expressway and I-595

Investment Overview

Marcus & Millichap is proud to present 400 Sawgrass Corporate Parkway, a two-story freestanding office building located within the Sawgrass International Corporate Park in Sunrise, Florida. Sawgrass Executive Center was built in 1989 and has been exceptionally maintained under current ownership. This office building is situated on a 1.78-acre parcel (or 77,685 square feet), offering approximately 24,932 square feet of rentable space. The Property is located within the highly occupied Sawgrass Executive Park submarket, which boasts a 90% occupancy rate. The surrounding three buildings situated in close proximity to the subject property have all been converted to office condominiums, making this opportunity the only option for a prospective investor to own and control one of the three office buildings located on the corner of North Harrison Parkway and Sawgrass Corporate Parkway.

The Subject property is currently 40 percent occupied with a variety of professional tenants including BAC Florida Bank, ProMedical Plan PHC, and Ophtec USA.

The Sawgrass Executive Center has been exceptionally maintained and provides professional curb appeal. The subject property has approximately 74 deeded surface parking spaces with access to additional shared parking if needed. Site improvements to the property include a card access security system, perimeter site landscaping, on-site drainage, along with pole and building mounted lighting.
The Property is located just off the Sawgrass Expressway (SR 869), which has high traffic counts of over 44,000 vehicles per day. The Subject property is also located on North Harrison Parkway which has traffic counts of over 33,600 vehicles per day and is 1.3 miles from Interstate 595 which has traffic counts of over 25,000 vehicles per day.

400 Sawgrass Corporate Parkway is the perfect opportunity for an investor to stabilize the building and bring the vacant suites up to market rents.

Exclusively Listed By

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