7301 4Th StPlantation, FL 33317

This exceptional one-story office building, situated across from Plantation City Hall in Broward County, Florida, presents a compelling investment opportunity. Boasting 12,536 square feet of space, including 11,832 net rentable square feet, the property features seven units with 100% occupancy as of May 9, 2024. Built in 1981 and extensively renovated in 2023 (over $120,000 in improvements), the building showcases a fresh exterior, new landscaping, and updated roofing (2022). The property includes 58 parking spaces and sits on a 1.08-acre lot, zoned OFFICE B-4P. The current Net Operating Income (NOI) is $253,137, yielding a 6.00% cap rate, with a current asking price of $4,300,000 ($343.01 per square foot). The building benefits from a strong tenant mix of professional and medical offices, and offers significant upside potential due to below-market rents. A 5% yearly rent bump is in place. The property is ideal for owner-users, investors, or 1031 exchanges. One 1,502 square foot unit is currently vacant, with the owner guaranteeing rent at $25.50 per square foot for one year or until leased, whichever comes first. The property's prime location offers easy access to shopping, restaurants, hospitals, and major highways (I-595 and I-95). No immediate capital improvements are needed.