University Drive Frontage Office Building

3157 N University Dr, Hollywood, FL

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For Sale

Contact for pricing

Office building with frontage on University Drive, fully leased.

Type:OFFICE

Property size:

12,189 SF

Lot size:

0.82 Acres

Price / SF:

$278/SF

HighLights

Fully leased at current cap rate of 6.46%
Direct frontage on N University Drive of +/- 165 ft.
High traffic location: 47,000 trips/day on N University Drive (2023 FDOT)
Proximity to major retailers: Target, Walmart, and Starbucks
Near Memorial Hospital Pembroke (approx. 1 mile)
Located on N University Drive

We can help!

Listing Contact

Federico Rochwerger

For Sale

Contact for pricing

Office building with frontage on University Drive, fully leased.

Type:OFFICE

Property size:

12,189 SF

Lot size:

0.82 Acres

Price / SF:

$278/SF

Added:: Jan 31, 2025
Days on Market:: 498
Last Refresh:: May 20 at 9:08 pm

Property Features for 3157 N University Dr

General Information

Standard status: Active
Size: 12,189 SF
Lot size: 0.82 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Federico Rochwerger

Listing agent Federico Rochwerger

Listing office The Keyes Company Commercial - Corporate

Listing date Jan 31, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company Commercial - Corporate

HighLights

Fully leased at current cap rate of 6.46%
Direct frontage on N University Drive of +/- 165 ft.
High traffic location: 47,000 trips/day on N University Drive (2023 FDOT)
Proximity to major retailers: Target, Walmart, and Starbucks
Near Memorial Hospital Pembroke (approx. 1 mile)
Located on N University Drive

Overview

This office building offers direct frontage of approximately 165 feet on N University Drive. The location experiences an average of 47,000 trips per day on N University Drive, according to 2023 FDOT data. Major retailers such as Target, Walmart, and Starbucks are located nearby. Memorial Hospital Pembroke is approximately 1 mile away. The property is fully leased at a current cap rate of 6.46%. The building has a size of 12189 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$402.2k	$33.00
− Vacancy	−$88.5k	−$7.26
EGI	$313.7k	$25.74
− OpEx	−$78.4k	−$6.44
NOI	$235.3k	$19.31

12,189 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.36M

$2.94M – $3.92M (±1% cap)

NOI $235,309 @ 7.0% cap · market cap 6.92%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.77M

$4.17M – $5.56M (±1% cap)

NOI $333,784 @ 7.0% cap · market cap 9.82%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Mendelssohn Elana S ... Physician All Four Seasons ... Wedding Service Paul Jeremy Silver ... Dental Office ProHealth Primary Care Medical Clinic Mendelssohn Martin G ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Hollywood
County: Broward
State: Florida
Longitude: -80.2482
Latitude: 26.0371

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For sale
Office buildings
FL
Hollywood
3157 N University Dr

What type of property is this?

Office building - Office building with frontage on University Drive, fully leased.

Where is this office building located?

The property is located at 3157 N University Dr Hollywood, FL.

What is the asking price?

The asking price for this property is $3,400,000.

What are key features of this property?

This property features: Fully leased at current cap rate of 6.46%; Direct frontage on N University Drive of +/- 165 ft.; High traffic location: 47,000 trips/day on N University Drive (2023 FDOT)