1350 Plaza
For sale1311-1401 S Dixie Hwy E, Pompano Beach, FL 33060
Property type
Retail
Price
$7,400,000
Building size
38,314 sf
Rentable area
38,314 SF
Year built
1973
Year renovated
Occupancy
Zoning code
Lot size
1.31 Acres
CAP
7.85%
Price per SF
$193.14
Property description
Franklin Street, in partnership with Lee & Associates, are pleased to present 1350 Plaza — a ± 37,737 SF retail center in the heart of Pompano Beach, FL. Currently 85% leased, the property offers strong value-add potential through lease-up and moving rents to current market rates. Situated on 1.31 acres across five parcels, the property features 43 suites ranging from 567 to 2,070 SF — ideal for local retailers and service providers. With over 430 feet of dual frontage along South Dixie Highway and more than 25,000 vehicles per day, 1350 Plaza benefits from excellent visibility in both directions. It’s ideally located between E. Atlantic Blvd and E. Commercial Blvd, with direct access to I-95 and the Florida’s Turnpike.
Property highlights
- 85% Occupied providing for immediate upside
- Gross Lease Structure allows future restructure to NNN
- 43 Separate Suites ranging from 567 SF – 2,070 SF
- 7% of GLA on Month – to – Month Leases
- Low WALT of 1.6 Years
- Average Rent of $22.40 PSF
- 430+ SF of dual street frontage and access along both East and West side of S Dixie Hwy
- S Dixie sees over 25,000 VPD
- Centrally located between Commercial and Atlantic Boulevard, which have access to I-95
- Affluent demographics with over 135,000