Current Use by Public Records
- Office Spaces
Property Details for 8870 Oakland Park Blvd
- Year built
- 2009
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a single-tenant, 3,244 square foot medical office building in Sunrise, Florida. Located at 8870 W Oakland Park Blvd, this Class B property boasts a strong 5.96% cap rate, generating a substantial net operating income (NOI) of $65,560 annually. The property, built in 2009, features a single story and is zoned B3. Currently occupied by a well-established chiropractic practice under a new 5-year triple-net (NNN) lease commencing February 1st, 2025, this investment minimizes landlord responsibilities. The lease includes rent bumps, providing future income growth. The asking price is $1,100,000, translating to $339.09 per square foot. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property is part of a four-unit building, ensuring straightforward management within the association. This well-maintained building offers a secure and profitable investment opportunity with a long-term tenant in place. The property is situated in Broward County, Florida, with convenient access to major roadways and amenities. This is a turnkey investment ideal for passive income generation.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sunrise
- County
- Broward
- State
- Florida
- Longitude
- -80.2692
- Latitude
- 26.1682
