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3800 S Ocean Dr - The Hallmark
2,593 SF Office Unit Offered at £1,154,114 in Hollywood, FL 33019
Investment Highlights
- Great visibility and Signage on heavily populted Ocean Drive / A1A
Executive Summary
2,593 sq. ft. recently remodeled with upscale interiors, contains 9 private offices, and a conference room. ?Close to major retailers, residences, and offices in the area. ?Zoned C-1: This district is intended to provide standards for the sale of goods and services near residential ?neighborhoods. Main Permitted Uses: Offices. Personal Services. Places of worship, meeting halls and fraternal lodges. Retail sales (indoor) Schools, recreational or cultural. ?Seller financing available with 25% to 30% down payment. ?Owner will leaseback at $5,400 per Month for 3 years (3x2 years options at 5% CAP). ?Avg. HH Income 2019 – 72,722 (5 Mile) and Avg. Projected Population 2024 – 308,733 (5 Mile)
Property Facts
| Price | £1,154,114 | Building Class | B |
| Unit Size | 2,593 SF | Number of Floors | 16 |
| No. Units | 1 | Typical Floor Size | 2,593 SF |
| Total Building Size | 56,347 SF | Year Built | 1981 |
| Property Type | Office (Unit) | Lot Size | 4.78 AC |
| Property Subtype | Medical | Parking Ratio | 0.04/1,000 SF |
| Sale Type | Investment NNN |
| Price | £1,154,114 |
| Unit Size | 2,593 SF |
| No. Units | 1 |
| Total Building Size | 56,347 SF |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Sale Type | Investment NNN |
| Building Class | B |
| Number of Floors | 16 |
| Typical Floor Size | 2,593 SF |
| Year Built | 1981 |
| Lot Size | 4.78 AC |
| Parking Ratio | 0.04/1,000 SF |
1 Unit Available
Unit G-9
| Unit Size | 2,593 SF | Sale Type | Investment |
| Price | £1,154,114 | Net Initial Yield | 4.98% |
| Price Per SF | £445.09 | NOI | £57,474.87 |
| Unit Use | Office | No. Parking Spaces | 5 |
| Unit Size | 2,593 SF |
| Price | £1,154,114 |
| Price Per SF | £445.09 |
| Unit Use | Office |
| Sale Type | Investment |
| Net Initial Yield | 4.98% |
| NOI | £57,474.87 |
| No. Parking Spaces | 5 |
Description
End Unit with great visibility and signage
Sale Notes
Condo fee $20,577 per year
Tax 11,054 Ins 1,280
Amenities
- 24 Hour Access
- Banking
- Bus Route
- Controlled Access
- Courtyard
- Property Manager on Site
- Security System
- Signage
- Waterfront
- High Ceilings
- Reception
- Recessed Lighting
- Suspended Ceilings
- Air Conditioning
zoning
| Zoning Code | C-1 (Mixed-use zone for the sale of goods and services near residential neighborhoods. Great opportunity to establish your business!) |
| C-1 (Mixed-use zone for the sale of goods and services near residential neighborhoods. Great opportunity to establish your business!) |
NNN Tenant Information
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Sareen and Associates CPAs and Sareen Realty |
2,593 SF
|
March 2024
|
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3800 S Ocean Dr - The Hallmark
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