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Corporate Park at Inverrary

2 Office Properties Offered at £14,316,393 in Lauderhill, FL

Investment Highlights

  • Four-story office and medical buildings boasting a distinctive architectural design with stunning waterfront views along the Middle River.
  • In one of Broward County's top suburban office hubs, they are conveniently located minutes from Florida’s Turnpike and Interstate 95.
  • Strong population growth of 12.4% within a one-mile radius highlights the area's thriving demographics and robust economic potential.
  • Amenities include a conferencing facility, on-site property management, visible signage opportunities, and meticulously landscaped tropical grounds.
  • Below-market leases provide an exceptional value-add opportunity, with the potential for a return exceeding 10% at full occupancy.
  • These properties offer an unparalleled investment opportunity, perfectly suited for a 1031 exchange.

Executive Summary

Situated at 3800 and 3810 Inverrary Boulevard in Lauderhill, these two four-story office and medical buildings within the Corporate Park at Inverrary present an exceptional investment opportunity. Both properties feature distinctive architectural designs, including conferencing facilities, on-site property management, visible signage opportunities, and stunning waterfront views along the Middle River. Tenants and visitors can enjoy balcony views of the meticulously maintained grounds, which feature tropical landscaping and ample parking.

In one of Broward County's most prominent suburban office hubs, the two properties are conveniently positioned minutes from Florida's Turnpike, between Interstate 95 and the Sawgrass Expressway, and only 8 minutes from the University Hospital and Medical Center. The properties also benefit from their proximity to the Fort Lauderdale International Airport (FLL) and Downtown Fort Lauderdale, within a 25-minute drive. The area's strong connectivity, skilled workforce, and low cost of doing business further enhance its appeal to office tenants.

Both buildings offer leases well below market rates, providing a unique opportunity for the new owner to raise rents to competitive levels and potentially achieve returns exceeding 10% at full occupancy. Moreover, the surrounding area within a one-mile radius is experiencing a 12.4% population growth from 2020 to 2024, highlighting robust demographics and a thriving economic outlook. 3800 and 3810 Inverrary Boulevard represent unparalleled investment opportunities, especially for those engaging in a 1031 exchange.

Property Facts

Price £14,316,393
Price / SF £119.82 / SF
Sale Conditions
1031 Exchange
  • Sale & Leaseback
Net Initial Yield 7%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 119,481 SF
Total Land Area 10.43 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Corporate Park at Inverray Building 1
3800 Inverrary Blvd, Lauderhill, FL 33319
Office 70,481 SF 1982 -
Corporate Park at Inverray Building 2
3810 Inverrary Blvd, Lauderhill, FL 33319
Office 49,000 SF 1984 -
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  • Listing ID: 34256202

  • Date on Market: 20/12/2024

  • Last Updated:

  • Address: Corporate Park at Inverrary, Lauderhill, FL

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