5975 W Sunrise Blvd

Estimated Monthly Payment: $29,248/mo 5975 W Sunrise Blvd, Plantation, FL 33313 MLS# A11046877 Commercial Sale Listing Status: Active
30
0
0
0

REMARKS:

The building currently has a few month­ to ­month tenants and is functional with active certificate of occupancies. The subject property is a value­add opportunity with two paths. Renovating this office building in its current form. The recommended upgrades included paint both interior and exterior, new flooring, new roof, and new landscaping. The estimated costs of these renovations along with the new roof is $300,000. After stabilization based on current market rents in the area ($22 a sf net), this property is projected to net $954,368 per year. Which will provide a strong 18% proforma capitalization rate. The second scenario would be to convert this existing building to a 100 unit, 126 bed licensed assisted living facility. Full city approvals to do this conversion.

OVERVIEW:

Commercial Sale
Active
1977

FINANCIAL:

$4,999,000
$77,419

NEIGHBORHOOD & SCHOOL INFORMATION:

Courtesy of John Demarco,  Re/Max 5 Star Realty

The multiple listing information is provided by BeachesMLS and Miami Association of Realtors from a copyrighted compilation of listings. The compilation of listings and each individual are ©2021 BeachesMLS and Miami Association of Realtors. All Rights Reserved.

Data last updated: 

The information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.