1920 CORPORATE PLACE | 1920 E Hallandale Beach Blvd
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1920 CORPORATE PLACE 1920 E Hallandale Beach Blvd
147,910 SF 100% Leased Office Building Hallandale Beach, FL 33009 £20,343,701 (£138/SF) 5.90% Net Initial Yield
Investment Highlights
- LOCATION, LOCATION, LOCATION! OCEAN & INTRACOASTAL WATER VIEWS!
- HUGE UPSIDE POTENTIAL. REDEVELOPMENT POTENTIAL. RENTAL RATE INCREASES. RENEWALS, ZONING, CHANGE TO NNN LEASES
- NEAR TO EVERYTHING- MIAMI TO SOUTH AND FT. LAUDERDALE TO NORTH, US 1, A1A, I-95, HOLLYWOOD, AVENTURA
- RENTS $40-$46 SF GROSS COMPARED UP TO $72 SF IN AVENTURA
- THIS BUILDING OWNS "AIR RIGHTS" TO BUILDING NEXT DOOR. HBB EAST ZONING, CAN BUILD UP TO 25 STORIES HIGH
- ONLY BUILDING WITH HURRICANE IMPACT WINDOWS & GENERATOR (EXCEPT NEW BUILDINGS)
Executive Summary
LOCATION, LOCATION, LOCATION! CAN'T GET BETTER THAN THIS LOCATION FOR THE PRICE! OCEAN, INTRACOASTAL VIEWS!
HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $42 SF TO $46 SF.
BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 71,400 SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES.
THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER!
CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com OR WARREN J STEIN AT 954-882-8491 FOR MORE INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.
HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $42 SF TO $46 SF.
BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 71,400 SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES.
THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER!
CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com OR WARREN J STEIN AT 954-882-8491 FOR MORE INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£1,200,367
|
£8.12
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £1,200,367 |
| Annual Per SF | £8.12 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
147,910 SF
Building Class
B
Year Built/Renovated
1973/2018
Price
£20,343,701
Price Per SF
£138
Net Initial Yield
5.90%
NOI
£1,200,367
Percent Leased
100%
Tenancy
Multiple
Number of Floors
10
Typical Floor Size
14,781 SF
Slab to Slab
12 ft
Building FAR
5.66
Lot Size
0.60 AC
Zoning
HBB EAST DISTRICT - HBB- EAST OFFICE- MIXED-USE, RESIDENTIAL (CAN BUILD UP TO 25 STORIES HIGH AND RESIDENTIAL DENSITY IS UP TO 50 UNITS PER ACRE), RETAIL & OFFICE.
Parking
196 Spaces (1.33 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Conferencing Facility
- Food Service
- Property Manager on Site
- Signage
- Accent Lighting
- Wooden Floors
- Air Conditioning
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 51-42-26-08-0110 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £6,445,103 |
PROPERTY TAXES
Parcel Number
51-42-26-08-0110
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£6,445,103
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1920 CORPORATE PLACE | 1920 E Hallandale Beach Blvd
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