Shopping Neighborhood

Plaza Central

Listing Price: $5,200,000

Cap Rate
5.74%
Gross SF
50,150
Rentable SF
50,150
Price/Gross SF
$103.69
Lot Size
2.71 acres
Year Built
1965

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale Plaza Central (the "Property"), a two-story, 50,150-square-foot office and retail plaza in North Lauderdale, Florida. The Property is located on the east side of North State Road 7 (US 441), a major north-south thoroughfare, just south of Prospect Road. The plaza experiences a traffic count of over 48,000 vehicles per day along North State Road 7, directly in front of the Property, and is accessible via Prospect Road and North State Road 7. Plaza Central is located just a quarter mile from the Florida Turnpike, and four miles west of Interstate 95, making it extremely accessible to all of South Florida and the surrounding area.
Plaza Central is excellently located along this dense retail corridor, with a population count of nearly 190,000 within a 3-mile radius, and is surrounded by several major retailers including Flannigan's Seafood Bar and Grill, Bennett Auto Supply, United States Post Office, Publix, Marshalls, Old Time Pottery, CVS, Walgreens and Bank of America; and is only minutes away from the Hampton Inn of Fort Lauderdale and the Ramada Plaza Fort Lauderdale.
Plaza Central is approximately 80 percent occupied with several rents well under market, giving a potential investor an excellent opportunity to substantially increase the Property's net operating income.

Investment Highlights

  • Value-Add Opportunity with Under-Market Rents and Existing Vacancy
  • Dense Commercial Corridor with Numerous Major Retailers and a Large Flex/Office Park
  • Excellent Access, Just a Quarter Mile from the Florida Turnpike
  • Strategic Location Along North State Road 7
  • High-Traffic Area with Counts of over 48,000 Vehicles per Day

Exclusively Listed By

Listing Price: $5,200,000

Cap Rate
5.74%
Gross SF
50,150
Rentable SF
50,150
Price/Gross SF
$103.69
Lot Size
2.71 acres
Year Built
1965

Investment Highlights

  • Value-Add Opportunity with Under-Market Rents and Existing Vacancy
  • Dense Commercial Corridor with Numerous Major Retailers and a Large Flex/Office Park
  • Excellent Access, Just a Quarter Mile from the Florida Turnpike
  • Strategic Location Along North State Road 7
  • High-Traffic Area with Counts of over 48,000 Vehicles per Day

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale Plaza Central (the "Property"), a two-story, 50,150-square-foot office and retail plaza in North Lauderdale, Florida. The Property is located on the east side of North State Road 7 (US 441), a major north-south thoroughfare, just south of Prospect Road. The plaza experiences a traffic count of over 48,000 vehicles per day along North State Road 7, directly in front of the Property, and is accessible via Prospect Road and North State Road 7. Plaza Central is located just a quarter mile from the Florida Turnpike, and four miles west of Interstate 95, making it extremely accessible to all of South Florida and the surrounding area.
Plaza Central is excellently located along this dense retail corridor, with a population count of nearly 190,000 within a 3-mile radius, and is surrounded by several major retailers including Flannigan's Seafood Bar and Grill, Bennett Auto Supply, United States Post Office, Publix, Marshalls, Old Time Pottery, CVS, Walgreens and Bank of America; and is only minutes away from the Hampton Inn of Fort Lauderdale and the Ramada Plaza Fort Lauderdale.
Plaza Central is approximately 80 percent occupied with several rents well under market, giving a potential investor an excellent opportunity to substantially increase the Property's net operating income.

Exclusively Listed By

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