9615 W Sample Rd
Closed9615 W Sample Rd, Coral Springs, FL 33065
Property type
Retail
Unit / Space count
3
Building size
Rentable area
4,024 SF
Year built
1972
Year renovated
Occupancy
Zoning code
Lot size
0.31 Acres
Sold/status
Sold · Date unknown
Sale price
$1600000
CAP
1.44%
Property description
Franklin Street is pleased to present 9615-9619 W Sample Road, a 3,870-square-foot retail building located in the heart of Coral Springs, Florida. This highly visible property sits on the bustling Sample Road corridor, benefiting from traffic counts exceeding 40,000 vehicles per day. 9615-9619 W Sample Road is a three-tenant retail center that is 87% occupied with one small vacancy totaling 500 square feet. There are two tenants on short term leases paying below market rent allowing immediate and significant upside by filling the vacancy and raising the rents to current market rates. 1,777 square feet can be made vacant in April of 2025 making it an excellent owner-user opportunity. This property is strategically positioned near major highways, including the Sawgrass Expressway, and features strong demographics with over 150,000 people within a 3-mile radius. Just East of the property, the area is experiencing significant growth, including the Cornerstone development, which will feature 712 residential units, a 140-room hotel, and 47,000/SF of retail space. Similarly, the City Village project is set to bring a dynamic mix of grocery stores, retail shops, restaurants, and apartments, further boosting the area's appeal and foot traffic. Whether you're looking to establish your own business in a high-growth market or acquire a well-located retail asset with future leasing potential, 9615 W Sample Road offers a unique opportunity to secure a presence in one of South Florida's most vibrant commercial corridors.
Property highlights
- Prime Owner-User/ Investment Opportunity
- Seller Financing Available at 5.75% Interest Only. Contact Agent for More Details
- Significant and Immediate Upside
- Long Term Tenants on Short Term Leases
- High Visibility on Heavily Trafficked Sample Road (40,000+ VPD)
- Easy Access to The Sawgrass Expressway
- Surrounded by Nationally Recognized Retailers and Many Recent/Future Developments
- Dense and Affluent Demographics with Over 150,000 People within a 3-mile Radius
- Strong Occupancy Rates Throughout Submarket (95.7%)
- Extremely Well Maintained
- Brand New Roof in 2019 with a 20 Year Transferable Warranty