8360 W Oakland Park Blvd

For Sale

8360 W Oakland Park Blvd Office Building

City:Sunrise

Land area:39,175 Sq Ft

Property Status: For Sale

Yoni Sunshine yoni@apexcapitalrealty.com

Jason Abitbol jason@apexcapitalrealty.com

Price $3,500,000

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Property Summary

Year Built/Renovated: 1979/2021

Parking Spaces: 56 Spaces

Zoning: B-3

No. of Tenants: 44

Current NOI: $290,711

Current CAP RATE: 8.31%

Pro Forma NOI: $457,090

Pro Forma CAP RATE: 13.06%

Description Apex Capital Realty is proud to present 8360 W Oakland Park Blvd, a recently renovated three-story office building located in Sunrise, Florida. This 26,298-square-foot office building sits on just under an acre of land. The property fronts Oakland Park Blvd, a major east-west corridor with high traffic counts of over 38,000 vehicles per day. Strategically positioned between the Florida Turnpike and Sawgrass Expressway, this office building offers exceptional accessibility to Pompano Beach, Margate, Oakland Park, Fort Lauderdale, and Coconut Creek.

8360 W Oakland Park Blvd presents a unique investment opportunity. Beyond its prime location, this asset is priced significantly below replacement cost and provides an immediate 8.31% cap rate on current income. This investment has tremendous value add potential considering the size of the office suites and the buildings low WALT. Lease rates of $50+ PSF gross have already been achieved for the smaller suites, and $35+ PSF gross have already been proven for the larger suites. New ownership will be able to take this current 8.31% cap rate to north of a 13% cap rate within 18 months.

Seller Financing Available

Lot & Building Size Breakdown:

Lot Size: 39,175 Sq Ft

Building Size: 26,298 Sq Ft

Property Highlights

Most AC’s installed in last 5 Years

All bathrooms renovated in 2021

Renovated Elevator in 2021

ADA compliant ramp

Koi pond in the atrium

Full building surveillance system

Details Property size: 26,298 Sq Ft Property Status: For Sale Property Type: Office Land Area: 39,175 Sq Ft Year Built: 1979

Address City: Sunrise State/country: Florida

Documents Property Brochure download

Listing Agents

Yoni Sunshine Commercial Advisor

216 973 9534 yoni@apexcapitalrealty.com

Jason Abitbol Commercial Advisor

(561) 542-3704 jason@apexcapitalrealty.com

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8360 W Oakland Park Blvd Office Building Office Yoni Sunshine 4 days ago $3,500,000