5401 University Dr, Unit 5437, Lauderhill, FL 33351-5028
- Retail space
- 4,992 SF
- 4.76 lot acres
Current Use by Public Records
- Retail space
Property Details for 5401 University Dr
- Year built
- 1980
- Construction
- CONCRETE
- Lot size
- 4.76 lot acres
- Zone code
- CG
- Property type
- Retail space
- APN
- 49-41-16-03-0010
- APU
- 494116030010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 15, 2022 | — | Ch Retail Fund I Ft Lauderdale Univ | — | Deed · related | $335M · Metlife Real Estate Lending LLC |
| Feb 8, 2017 | — | Ch Retail Fund I & Ft Lauderdale | — | Deed · related | $48M · Miscellaneous Ins Co |
| Nov 14, 2016 | $15,650,000 | Ch Retail Fund I & Ft Lauderdale | Ia Lauderhill Universal LLC | Grant Deed · related | — |
| Mar 9, 2010 | $9,957,200 | Ia Lauderhill Universal LLC | Ddrtc Universal Plaza LLC | Grant Deed | — |
| Mar 6, 2007 | — | Ddrtc Universal Plaza LLC | Inland Southeast Universal LLC | Quit Claim Deed · related | $9.9M · Bank Of America |
| Jun 11, 2002 | $19,174,000 | Inland Southeast Hillsboro LLC | Woolbright Hillsboro Ltd | Grant Deed | — |
| Feb 12, 2002 | $9,940,000 | Inland Southeast Universal LLC | Woolbright Universal Plaza Ltd | Grant Deed | — |
| — | — | Ch Retail Fund I & Ft Lauderdale | — | Deed Of Trust · related | $48M · Miscellaneous Ins Co |
Description
Universal Plaza, a 49,506 square foot retail center in Lauderhill, Florida, offers exceptional leasing opportunities. Strategically located on the southwest corner of University Drive and Commercial Boulevard, this property boasts excellent visibility and accessibility. The center features a strong tenant mix, including established businesses such as Starbucks, Chipotle, Tropical Smoothie, and CVS, ensuring a vibrant and high-traffic environment. Two spaces are currently available, with a minimum divisible space of 1,950 square feet and a maximum contiguous space of 5,580 square feet; a total of 10,030 square feet is currently vacant. The property benefits from ample parking and is conveniently situated between the Florida Turnpike and Sawgrass Expressway, providing easy access for customers and employees. High traffic counts of 61,000 AADT on University Drive and 32,000 AADT on Commercial Boulevard further underscore the prime location and significant potential for business growth. This is an ideal opportunity for retailers seeking a high-visibility location within a thriving commercial area in Broward County. The property is classified as a multi-tenant retail space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,405,000
- 6.5%
- $1,300,000
- 7%
- $1,205,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,745,000 Current use
- MEDICAL BUILDING
- $1,750,000 Change: +0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lauderhill
- County
- Broward
- State
- Florida
- Longitude
- -80.2531
- Latitude
- 26.1923
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
