Bought with Non-Member Selling Office
$1,500,000
$1,600,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
1 Bath
2,640 SqFt
SOLD DATE : 06/20/2023
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $568
Subdivision Clopton Add To Deerfield
MLS Listing ID RX-10885671
Sold Date 06/20/23
Construction Status Resale
Year Built 2001
Annual Tax Amount $10,614
Tax Year 2022
Lot Size 0.320 Acres
Property Description
Freestanding commercial building situated on the northwest corner of Dixie Hwy and Hillsboro Blvd. Built in 2001, this property contains a 2620 sq. ft building with excellent visibility to heavy traffic on Hillsboro Blvd. Close to I-95 and downtown Deerfield Bch. Located in the B1 Zoning district. The tenant has operated at the premises for many years and the lease is NNN. Lease expires 12/31/2025 with one 5-year option to renew. Cap rate is approx. 5.4% at asking price. Base rent is currently $7,182.81 (plus est. expenses) and increases 4% per year during the current term. Base rent for the entire option term would be $8,496.76. Seller prefers due diligence period of 15 days and closing 15-21 days after due diligence period.
Location
State FL
County Broward
Area 3411
Zoning B-1
Interior
Heating Central Building
Cooling Central Building
Flooring Carpet, Ceramic Tile
Fireplaces Type Smoke Detector
Exterior
Community Features City Jurisdiction, Presently Leased
Utilities Available Electric, Public Sewer, Public Water
Roof Type Built-Up
Present Use City Jurisdiction,Presently Leased
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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