For Sale
$3,100,000

11300 Wiles RdCoral Springs, FL 33076

High-return, multi-tenant flex space.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 7,315 square foot, multi-tenant flex space located at 11300 & 11308 Wiles Road in Coral Springs, Florida. The property, built in 1986, boasts a prime location within the Wiles Business Center, offering excellent visibility and accessibility. Situated on a 0.164-acre lot, the single-story building features two units totaling 7,315 square feet, currently 100% occupied by two tenants, including the anchor tenant Sherwin-Williams. The property includes four dock-high doors, a 20-foot ceiling height, and ample parking with 108 spaces. The zoning is B, and the property is classified as Class B with a Net Lease (NNN) investment type. The asking price is $3,100,000, representing a 4.00% cap rate and a price per square foot of $423.79. The property benefits from its strategic location, offering convenient access to major roadways such as the Sawgrass Expressway, Florida's Turnpike, and I-95. Its proximity to Costco further enhances its desirability. Rent bumps are included in the lease agreements. This is a rare opportunity to acquire a well-located, multi-tenant commercial property with a national tenant in a thriving area. The property's features, strong tenant occupancy, and prime location make it an attractive investment prospect.

Highlights

  • National tenant Sherwin-Williams.
  • Built in 1986.
  • B-3 Zoning.
  • 7,315 square foot building.
  • Ample parking available.
  • Excellent location with easy access to Sawgrass Expressway, Turnpike, and I-95.

Property Details for 11300 Wiles Rd

Property type
Warehouses, Retail properties
Square Feet
7,315 SF
Class
B
Year Built
1986
Buildings
1
Stories
1
Lot Size (sq. ft)
7,144 SF
Units
2

Location Insight

City
Coral Springs
County
Broward
State
Florida
Latitude
26.28708072313
Longitude
-80.276818169093
11300 Wiles Rd, Coral Springs, Florida

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11300 Wiles Rd
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