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For sale
Office buildings
FL
Sunrise
33351
8870 W Oakland Park Blvd Suite #102

Sunrise Office Building Investment

8870 W Oakland Park Blvd, Sunrise, FL 33351

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Modern office building with long-term tenant in Sunrise, Florida.

Type:Office

Property size:

3,244 SF

Price / SF:

$339/SF

HighLights

Newly signed triple net lease with 3% annual escalations provides immediate and increasing returns.
Long‑standing chiropractic tenant ensures stable income.
Prime location in the bustling Sunrise area offers high visibility and easy accessibility.
Modern, well‑maintained 3,244 SF office space appeals to tenants and clients.
B3 zoning allows for versatile professional uses.
Built in 2009, the property requires less maintenance.

We can help!

Contact an agent

Calder Alfano

Learn more

For Sale

Contact for pricing

Modern office building with long-term tenant in Sunrise, Florida.

Type:Office

Property size:

3,244 SF

Price / SF:

$339/SF

Added:: Oct 5, 2024
Days on Market:: 641
Last Refresh:: Jul 4 at 3:22 pm

Property Features for 8870 W Oakland Park Blvd

General Information

Standard status: Active
Size: 3,244 SF
Property subtype: Office

Building Details

Year Built: 2009

We can help!

Contact an agent

Calder Alfano

Listing office Berger Commercial Realty

Listing date Oct 5, 2024

Source Crexi

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 Berger Commercial Realty

HighLights

Newly signed triple net lease with 3% annual escalations provides immediate and increasing returns.
Long‑standing chiropractic tenant ensures stable income.
Prime location in the bustling Sunrise area offers high visibility and easy accessibility.
Modern, well‑maintained 3,244 SF office space appeals to tenants and clients.
B3 zoning allows for versatile professional uses.
Built in 2009, the property requires less maintenance.

Overview

This 3,244 square foot office building in Sunrise, Florida, presents an investment opportunity with a chiropractic tenant under a newly signed triple net lease featuring 3% annual escalations. Constructed in 2009, the property consists of one unit and is zoned B3, offering versatility for various professional uses. The building is well-maintained. Situated in a bustling area of Sunrise, the property benefits from easy accessibility and visibility. The location provides convenient access to major roadways and public transportation. The surrounding area features a vibrant business community with numerous dining, shopping, and entertainment options. Nearby landmarks include Sawgrass Mills Mall, BB&T Center, and the Florida Panthers IceDen. This turnkey investment promises immediate returns and long-term value.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$147.9k	$45.60
− Vacancy	−$33.3k	−$10.26
EGI	$114.6k	$35.34
− OpEx	−$28.7k	−$8.84
NOI	$86.0k	$26.51

3,244 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,982 @ 7.0% cap · market cap 7.82%

Second Best

Healthcare Medical

$610.6K

$534.3K – $712.4K (±1% cap)

NOI $42,743 @ 7.0% cap · market cap 3.89%

Theoretical Best

Office A

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,207 @ 7.0% cap · market cap 10.47%

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

Location Intelligence

Current Use by Public Records

Office buildings

Map

City: Sunrise
County: Broward
State: Florida
Longitude: -80.2752
Latitude: 26.1796

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For sale
Office buildings
FL
Sunrise
33351
8870 W Oakland Park Blvd Suite #102

What type of property is this?

Office building - Modern office building with long-term tenant in Sunrise, Florida.

Where is this office building located?

The property is located at 8870 W Oakland Park Blvd Sunrise, FL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Newly signed triple net lease with 3% annual escalations provides immediate and increasing returns.; Long‑standing chiropractic tenant ensures stable income.; Prime location in the bustling Sunrise area offers high visibility and easy accessibility.