1350 Plaza
For sale1311-1401 S Dixie Hwy E, Pompano Beach, FL 33060
$7,400,00038,314 SF
Retail1973
Property type
Retail
Price
$7,400,000
Cap Rate
7.85%
Building size
38,314 SF
Year built
1973
Lot size
1.31 acres
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