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Alex Miranda

[email protected] +1(305) 712-6522

$ 5,230,000

Est. payment -/mo

Save

Hold

4000 N State Road 7 Lauderdale Lakes, FL 33319

37,181 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Hold

Purchase Type For Sale

Square Footage 37,181 sqft

Price per Sqft $140

MLS Listing ID F10525643

Construction Status Resale

HOA Y/N No

Year Built 1975

Annual Tax Amount $96,000

Tax Year 2024

Lot Size 1.510 Acres

Acres 1.51

Property Sub-Type Business

Property Description

completely renovated four story 37,150 feet luxurious class B office/retail building, in the heart of Broward County. Daily traffic counts exceed 50,000 vehicles daily. new impact windows, marble bathrooms, marble lobby, two elevators. lots Parking New electrical. 80 rentable units and over 90% occupancy, cap rate potential is over 10% lots of upside potential. Current modified building to local business needs. tenants: urgent care, doctors, pharmacy, day care, hair salons, nursing school, lawyer's office, tax office, travel agency, insurance agency, health care providers, real estate office, general contractor, ac contractor, electrical contractor, mortgage broker and much more. expenses are approximately $7.00 per square foot. Easy to manage ,great current income .easy to manage This is a completely renovated four story luxurious class B office/retail building in the heart of Broward County. Located on the busy 441 West of I-95 between Oakland Park Blvd and Commercial Blvd it has easy access to I-95 and Turnpike Exits. . The building has new impact windows, marble bathrooms, marble lobby with upgraded finishes and high-speed internet throughout the building. There are new CENTRAL air conditioning units and two elevators. Parking surrounds the building. New electrical. SALES LISTING Asking Sale price as follows: $5,330,000 total asking price ($143.50 per square foot) Great current income plus new owner can increase rents in day one. Sopher Center has over 70 rentable units and over 90% occupancy , The cap rate potential is over 10% with lots of upside potential. Current owner modified the building to local business needs. Lots of tenants been in building for a long time. The building has diverse tenants: urgent care, doctors, pharmacy, day care, hair salons, nursing school, lawyer's office, tax office, travel agency, insurance agency, security company, health care providers, real estate office, general contractor, ac contractor, electrical contractor, mortgage broker and much more. Current expenses are approximately $7.00 per square foot. Easy to manage Serious buyers only,

Location

State FL

County Broward

Area 3660

Direction 441 between Oakland and commercial in the hart of Broward county .

Region Lauderdale Lakes

City Region Lauderdale Lakes

Interior

Cooling Central Air

Flooring Marble, Slate, Tile, Wood

Fireplace No

Exterior

Parking Features Common

Water Access Desc Public

Roof Type Other

Road Frontage State Road

Total Parking Spaces 133

Building

Lot Description City Lot

Dwelling Type Office,Retail,Warehouse

Story 4

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale

Others

Pets Allowed No

Tax ID 494219000063

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Rafael Sopher Sopher Realty

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Alex Miranda

Licensed Realtor | COMP3203583

+1(305) 712-6522

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Alex Miranda

4000 N State Road 7 Lauderdale Lakes, FL 33319

Key Details

Location

Interior

Exterior

Building

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4000 N State Road 7