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8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza
Tamarac, FL 33321
29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989
Property is for sale at $4,150,000 ($138.82/SF)
FOR SALE
1
Sales Co: Millennium Estates, LLC Egemen Toprak(786) 352-9613
19967 Turnberry IsAventura, FL 33180
(786) 352-9613
Sale Contacts
Sales Contact 1:
Asking Price:
Actual Cap Rate:
Price/SF: $138.82
$4,150,000 Sale Type:
Bldg Status:
-
Parcel No: 49-41-04-20-0050
Investment
Built in 1989
GLA: 29,895 SFDays on Market: 67
Sale Status: Active
For Sale Data
Percent Leased: 96.3% (1,100 SF Avail)
Spacer
Tenancy: Multi
Transaction Notes
Great opportunity for investors who are looking for a stable income%7.9 Cap Rate in 3rd Year98.5% OccupancyLong Term TenantsNo Debt on the PropertyInvestments in the area (only 1 mile away)- Fairfield Inn by Marriot ( 6 Stories)- Colony West Clubhouse (18.000 SF)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 1
8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza FOR SALEProperty is for sale at $4,150,000 ($138.82/SF) (con't)
Property Type: Retail - Storefront Retail/Office (StripCenter)
McNab Plaza
Built in 1989
Center:
Bldg Status:
Owner Type: Individual
Current Retail Information
GLA: 29,895 SF
1,100 SFTotal Avail:
Bldg Vacant: 1,100 SF
% Leased: 96.3%
Street Frontage: 300 feet on West Mc Nab Road
Parking: 175 free Surface Spaces are available
Zoning: B-6/B-1, Tamarac
Owner Occupied: No
CAM: -
Rent/SF/Yr: Withheld No. of Stores: 1
Land Area: 2.75 AC
Features: Air Conditioning, Bus Line, Corner Lot, Property Manager on Site, Restaurant
Property Mix:
Expenses: 2018 Tax @ $2.97/sf
Lot Dimensions:
ID: 122905
OfficeGeneral Retail
14,450 SF14,450 SF
(50.0%)(50.0%)
Building FAR: 0.25
Location Information
Located: NW/C
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
Park Name: McNab Plaza
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 2
Parcel Number: -
-Legal Description:
County: Broward
Plat Map: 8001-8085 W McNab Rd
8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza FOR SALEProperty is for sale at $4,150,000 ($138.82/SF) (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 3
8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza
Tamarac, FL 33321
Sale on 8/9/2017 for $3,000,000 ($100.35/SF) - Research Complete
29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989
SOLD
2
Buyer & Seller Contact Info
Recorded Buyer: Recorded Seller: McNab Commercial Plaza, LLCMillennium Estates, LLC
True Buyer: True Seller: Devon North LLC
Benjamin Jacobi
1313 NE 125th StNorth Miami, FL 33161(305) 893-4135
Egemen Toprak
Egemen Toprak
19667 Turnberry IsAventura, FL 33160(212) 217-7760
Buyer Type: Seller Type: IndividualIndividual
Sale Date:
Price/SF:
Sale Price:
$100.35
$3,000,000-Confirmed
08/09/2017
Bldg Type:
Land Area:
Year Built/Age:
GLA:
Retail - Storefront Retail/Office (StripCenter)
Built in 1989 Age: 28
29,895 SF
2.75 AC (119,790 SF)
Percent Leased: 93.4%
Transaction Details
Asking Price: -
Price/AC Land Gross: $1,090,909.09
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$2,724,400 in 2016
$1,616,580
$1,107,820
Percent Improved: 59.3%
Land Assessed/AC: $402,843
InvestmentSale Type:
Transfer Tax: $21,000
ID: 3979666
-
Spacer
Tenancy: Multi
Escrow Length: -
Parcel No: 49-41-04-20-0050
Document No: 114559944
Sale History: Sold for $3,000,000 ($100.35/SF) on 8/9/2017Sold for $2,200,000 ($73.59/SF) on 11/18/2004Sold for $1,875,000 ($62.72/SF) on 5/1/2000
No. of Tenants: 23
Legal Desc: Lots 5-7 Blk 34 McNab
Tenants at time of sale: 3a Allied Insurance Corp; Appliance Parts Distributors Inc; Berman Family Chiropractic & Sports CareCentre Pa; Care Chiropractic Center; El Rinconcito Costeno; Fashions Alterations; Fisher, Carl F Cpa; GolfTrader; Hair Designers 1; Jewish Bride; McNab Food Store; Media Creations Inc; My Booking Genie;Nationwide Inspections Inc; Rejoice Cafe; Right Choice; Rms Lead And Consulting; Souliv Beauty Studio;Stop & Shop; Sun Chem Inc; Vision Unlimited; Woodmont Commons; World Wide Cruises Inc
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 4
Sale History: Sold for $3,000,000 ($100.35/SF) on 8/9/2017Sold for $2,200,000 ($73.59/SF) on 11/18/2004Sold for $1,875,000 ($62.72/SF) on 5/1/2000
Spacer
Transaction Notes
This 28,900 square foot retail building was sold for $3,000,000 or $103.81 per square foot.
Information regarding this transaction has been verified with principals from both sides.
Income Expense Data
$85,866
$85,866
Total Expenses
- Operating Expenses
- TaxesExpenses
Property Type: Retail - Storefront Retail/Office (StripCenter)
McNab Plaza
Built in 1989
Center:
Bldg Status:
Owner Type: Individual
Current Retail Information
GLA: 29,895 SF
1,100 SFTotal Avail:
Bldg Vacant: 1,100 SF
% Leased: 96.3%
Street Frontage: 300 feet on West Mc Nab Road
Parking: 175 free Surface Spaces are available
Zoning: B-6/B-1, Tamarac
Owner Occupied: No
CAM: -
Rent/SF/Yr: Withheld No. of Stores: 1
Land Area: 2.75 AC
Features: Air Conditioning, Bus Line, Corner Lot, Property Manager on Site, Restaurant
Property Mix:
Expenses: 2018 Tax @ $2.97/sf
Lot Dimensions:
ID: 122905
OfficeGeneral Retail
14,450 SF14,450 SF
(50.0%)(50.0%)
Building FAR: 0.25
Location Information
Located: NW/C
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
Park Name: McNab Plaza
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza SOLD29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989 (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 5
Parcel Number: 49-41-04-20-0050
-Legal Description:
County: Broward
Plat Map: 8001-8085 W McNab Rd
8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza SOLD29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989 (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 6
8199 W Mcnab Rd - Valley Bank
Tamarac, FL 33321
3,885 SF Retail Bank Building Built in 1978
Property is for sale at $2,789,000 ($717.89/SF)
FOR SALE
3
Sales Co: Total Real Estate Consultants Inc Ricardo Rios(305) 301-6471
11760 W Sample RdCoral Springs, FL 33065
(954) 341-3294
Sale Contacts
Sales Contact 1:
Asking Price:
Price/SF: $717.89
$2,789,000 Sale Type:
Sale Conditions:
Bldg Status:
Parcel No: 49-41-04-20-0010, 49-41-04-20-0020
Investment
Built in 1978
Build to Suit
GLA: 3,885 SFDays on Market: 3
Sale Status: Active
For Sale Data
Percent Leased: 100.0%
Spacer
Tenancy: Multi
Transaction Notes
ATTENTION DEVELOPERS: Freestanding Building on a 1.80 +/- Acre Lot Zoned Mixed Use Property includes: Multi Family, Residential,Retail, Office, Medical, Professional: 40% lot construction lot, 40' of Height, on Major Corridor 260' Frontage, 1 Front and 2 Back AccessPoints, 51 parking spaces. 48,000 x2 Traffic Count Daytime & Night Time, Mixed-Use Districts and Nonresidential Established (1) MU-N:Mixed-Use Neighborhood. District is intended to provide for small, compact mixed-use activity centers that serve as convenient, walk-ableservice and retail destinations. Existing Building: Large Reception Area, Kitchen-Break Room, Concrete Rated Vault Room, Solid MetalVault Door, Metal Drop Off Deposit Box. 40 Year Structural in '17. Comprised of Two Folios. Confidentiality & Non Disclosure AgreementRequired, Do Not Disturb Business Owner or Employees -Showings Available at 6pm on Weekdays & anytime on the Weekend, ListingAgent Must Accompany
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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8199 W Mcnab Rd - Valley Bank FOR SALEProperty is for sale at $2,789,000 ($717.89/SF) (con't)
Property Type: Retail - Bank
Valley Bank
Built in 1978
Center:
Bldg Status:
Owner Type: Individual
Current Retail Information
GLA: 3,885 SF
0 SFTotal Avail:
Bldg Vacant: 0 SF
% Leased: 100.0%
Street Frontage: 203 feet on W Mcnab Rd (with 3 curb cuts)
Parking: 70 Surface Spaces are available
Zoning: B-6
Owner Occupied: No
CAM: -
Rent/SF/Yr: For Sale Only No. of Stores: -
Land Area: 1.80 AC
Features: Air Conditioning, Banking, Drive Thru, Mixed Use, Signage
Property Mix:
Expenses: 2016 Tax @ $5.24/sf
Lot Dimensions: -
ID: 5652762
General Retail (100.0%)
Building FAR: 0.05
Location Information
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 8
Parcel Number: -
-Legal Description:
County: Broward
Plat Map: 8199 W Mcnab Rd
8199 W Mcnab Rd - Valley Bank FOR SALEProperty is for sale at $2,789,000 ($717.89/SF) (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 9
8201 W Mcnab Rd
Tamarac, FL 33321
Sale on 11/7/2017 for $1,100,000 ($140.45/SF) - Research Complete
7,832 SF Class B Medical Building Built in 1987
SOLD
4
Buyer & Seller Contact Info
Recorded Buyer: Recorded Seller: Professional Resources inManagement Education Inc
McNab Professional Offices 18 LLC
True Buyer: True Seller: Professional Resources inManagement Education Inc
1812-1824 SW 100th AveMiramar, FL 33025(954) 436-6300
Allen Chelminsky
Allen Chelminsky
3988 194th LnNorth Miami Beach, FL 33160(305) 682-8848
Seller Type: Corporate/User
Listing Broker: Coldwell Banker Commercial NRT
Joe Price
(954) 205-3993
Coldwell Banker Residential RealEstate, Inc.
Chris Evert
(954) 523-8440
Sale Date:
Price/SF:
Sale Price:
$140.45
$1,100,000-Confirmed
11/07/2017 (179 days on market)
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
Medical
Built in 1987 Age: 30
7,832 SF
0.89 AC (38,768 SF)
High Vacancy Property
Percent Leased: 0.0%
Transaction Details
Asking Price: $1,200,000
Price/AC Land Gross: $1,235,955.06
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$1,017,030 in 2016
$665,890
$351,140
Percent Improved: 65.5%
Land Assessed/AC: $394,539
Owner/UserSale Type:
Transfer Tax: $7,700
ID: 4052368
-
Spacer
Tenancy: Single
Escrow Length: -
Parcel No: 49-41-04-20-0180
Document No: 114715396
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 10
Parcel No: 49-41-04-20-0180
Document No: 114715396
Sale History: Sold for $1,100,000 ($140.45/SF) on 11/7/2017Sold for $1,050,000 ($134.07/SF) on 9/15/2004
Spacer
Transaction Notes
This 7,832 square foot office building was sold for $1,100,000 or $140.45 per square foot.
Joe Price and Chris Evert of Coldwell Banker brokered the deal.
Information regarding this transaction has been verified with principals from both sides.
Income Expense Data
$29,873
$29,873
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Medical
B
7,832 SF
Class:
Total Avail:
Bldg Vacant:
Tenancy:
Owner Type:
Owner Occupied
7,832 SF
Single
-
Yes
Bldg Status: Built in 1987
-
$19.00
% Leased:
Rent/SF/Yr:
Typical Floor Size:
Land Area:
Elevators:
Zoning: 7,832 SF
0.89 AC
0
B-6, Tamarac
Current Building Information
RBA: 7,832 SF
Core Factor: -
Stories: 1
Building FAR: 0.20
Amenities: Conferencing Facility
Parking: 32 Surface Spaces are available; Ratio of 4.09/1,000 SF
Lot Dimensions: 130x298
Street Frontage: 130 feet on McNab Rd
Expenses: 2018 Tax @ $3.77/sf; 2018 Combined Est Tax/Ops @ $5.00/sf
Property Mix: Office
ID: 784537
(100.0%)
Location Information
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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8201 W Mcnab Rd SOLD7,832 SF Class B Medical Building Built in 1987 (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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8301 W Mcnab Rd - Tiger Tooth
Tamarac, FL 33321
Sale on 7/25/2018 - Public Record
Commercial Land of 0.69 AC (30,000 SF)
SOLD
5
Buyer & Seller Contact Info
Buyer Type: Seller Type:
Listing Broker: Heller USA Real Estate
Sam Idas
(954) 383-3003
Sale Date:
Sale Price: -
07/25/2018 (128 days on market)
Land Area: 0.69 AC (30,000 SF)
Transaction Details
Asking Price: 395000
InvestmentSale Type:
Proposed Use: Commercial, Health Care, Hospital,Medical
Zoning: B-6
ID: 4437006
-
-
Escrow Length: -
Street Frontage: 30 feet on McNab (with 1 curb cut)
Topography: Level
On-Site Improv: Raw land
Off-Site Improv: Cable, Electricity, Gas, Irrigation, Telephone, Water
Improvements: None
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Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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Zoning: B-6
-
1
Density Allowed:
Number of Lots:
Improvements: None
Current Land Information
Proposed Use: Commercial/HealthCare/Hospital/Medical
0.69 AC (30,000 SF)
Raw land
Land Area:
On-Site Improv:
Owner Type: -
Lot Dimensions: -
Topography: Level
Off-Site Improv: Cable, Electricity, Gas, Irrigation, Telephone, Water
Street Frontage: 30 feet on McNab (with 1 curb cut)
ID: 8997208
-Max # of Units:
-Units per Acre:
Location Information
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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8301 W Mcnab Rd - Tiger Tooth SOLDCommercial Land of 0.69 AC (30,000 SF) (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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8333 W McNab Rd - McNab Medical Center 18
Tamarac, FL 33321
Sale on 5/23/2017 for $3,800,000 ($89.45/SF) - Research Complete
42,481 SF Class B Medical Building Built in 1976
SOLD
6
Buyer & Seller Contact Info
Recorded Buyer: Recorded Seller: PAMATA, Inc.Laundry King Llc
True Buyer: True Seller: Mark & Celia Schmidt
Mark Schmidt
11920 SW 22nd CtDavie, FL 33325(954) 472-1081
Laundry King Llc
1001 N Miami Beach BlvdNorth Miami Beach, FL 33162(305) 981-2607
Buyer Type: Seller Type: IndividualIndividual
Buyer Broker: Listing Broker: CRE Rauch, Robertson & Co.
Michael Rauch
(954) 242-2806
Thomas Robertson
(561) 703-0888
RE/MAX 5 Star Realty
John DeMarco
(954) 453-1000
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$89.45
$3,800,000-Confirmed
05/23/2017 (176 days on market)
Bldg Type:
Land Area:
Year Built/Age:
RBA:
6.90%
Medical
Built in 1976 Age: 41
42,481 SF
2.75 AC (119,790 SF)
Percent Leased: 80.1%
Transaction Details
Asking Price: $4,200,000
Price/AC Land Gross: $1,381,818.18
Total Value Assessed:
Improved Value Assessed
Land Value Assessed:
$3,164,280 in 2016
$2,057,830
$1,106,450
Percent Improved: 65.0%
Land Assessed/AC: $402,345
InvestmentSale Type:
Transfer Tax: $26,600
ID: 3916515
-
Spacer
Tenancy: Multi
Escrow Length: -
No. of Tenants: 26
Tenants at time of sale: A &Y Immigration; Advanced Medical Associates; American Sports Advisors; Amy C Roskin MD, JD; ArthurG Meyerson Law Offices; Broward Dental Associates Inc; Colony Springs Of Tamarac; Day, Leland S;Debra B Gross LCSW P A; Exeter Property Group; Florida Department of Elder Affairs; Glaucia MessingerLMHC; Global Financial Group; Guner Gulay PhD, PSY.D.; Howard J. Ackerman, D.D.S.; Janetta Jospeh;Maxicare Select; Medica 50 Corp; Mira USA Inc; Naidu Vanessa Sastoque; Pat and Glen LLC; Pro CareRehab & Wellness; Quality Hearing Aids; Regal Home Service; Team Realty Inc; Tri-County CleaningCopyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
Page 14
Parcel No:
Financing:
49-41-04-20-0080
Down payment of $950,000.00 (25.0%)$2,850,000.00 from City National Bank
Document No: 114418777
Sale History: Sold for $3,800,000 ($89.45/SF) on 5/23/2017Sold for $3,100,000 ($72.97/SF) on 1/29/2007
No. of Tenants: 26
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Tenants at time of sale: A &Y Immigration; Advanced Medical Associates; American Sports Advisors; Amy C Roskin MD, JD; ArthurG Meyerson Law Offices; Broward Dental Associates Inc; Colony Springs Of Tamarac; Day, Leland S;Debra B Gross LCSW P A; Exeter Property Group; Florida Department of Elder Affairs; Glaucia MessingerLMHC; Global Financial Group; Guner Gulay PhD, PSY.D.; Howard J. Ackerman, D.D.S.; Janetta Jospeh;Maxicare Select; Medica 50 Corp; Mira USA Inc; Naidu Vanessa Sastoque; Pat and Glen LLC; Pro CareRehab & Wellness; Quality Hearing Aids; Regal Home Service; Team Realty Inc; Tri-County Cleaning
Transaction Notes
This 42,481 square foot office building was sold for $3,800,000 or $89.45 per square foot.
The property is a medical/office building that had a 6.90% cap rate at the time of sale.
Michael Rauch and Tom Robertson of CRE Florida Partners represented the seller in this transaction.
Information regarding this transaction has been verified with a principle involved in the deal.
Income Expense Data
$93,266
$93,266
Total Expenses
- Operating Expenses
- TaxesExpenses
Bldg Type: Medical
B
3,758 SF
Class:
Total Avail:
Bldg Vacant:
Tenancy:
Owner Type:
Owner Occupied
5,333 SF
Multi
Individual
No
Bldg Status: Built in 1976
91.2%
$11.00
% Leased:
Rent/SF/Yr:
Typical Floor Size:
Land Area:
Elevators:
Zoning: 1,500 SF
2.75 AC
4
B-6
Current Building Information
RBA: 42,481 SF
Core Factor: -
Stories: 2
Building FAR: 0.35
Amenities: Air Conditioning, Atrium, Bus Line, Signage, Storage Space
Parking: 227 Surface Spaces are available; Ratio of 6.00/1,000 SF
Const Type: Masonry
Expenses: 2018 Tax @ $2.36/sf, 2011 Est Tax @ $2.11/sf; 2011 Ops @ $6.07/sf
ID: 378677
Location Information
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
Map(Page): Trakker 80
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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8333 W McNab Rd - McNab Medical Center 18 SOLD42,481 SF Class B Medical Building Built in 1976 (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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Parcel Number: 49-41-04-20-0080
-Legal Description:
County: Broward
Plat Map: 8333 W McNab Rd
8333 W McNab Rd - McNab Medical Center 18 SOLD42,481 SF Class B Medical Building Built in 1976 (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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7225 N University Dr - University Hospital & Medical Cente
Tamarac, FL 33321
Sale on 6/1/2018 for $9,779,985 ($317.04/SF) - Research Complete (Part of Portfolio)
30,848 SF Class B Medical Building Built in 2007
SOLD
7
Buyer & Seller Contact Info
True Buyer: True Seller: Ventas Healthcare Realty, LLC
820 Saint Sebastian WayAugusta, GA 30901(706) 774-2940
HCA Management Services L.P.
Nicholas Paul
One Park PlzNashville, TN 37203(615) 344-9551
Buyer Type: Seller Type: Public REITMedical
Buyer Broker: No Buyer Broker on Deal
Sale Date:
Price/SF:
Sale Price:
Actual Cap Rate:
$317.04
$9,779,985-Allocated
06/01/2018
Bldg Type:
Land Area:
Sale Conditions:
Year Built/Age:
RBA:
6.20%
Medical
Built in 2007 Age: 11
30,848 SF
6.03 AC (262,667 SF)
Ground Lease (Leasehold),Bulk/Portfolio Sale
Percent Leased: 93.0%
Transaction Details
Asking Price: -
Price/AC Land Gross: $1,621,888.06
InvestmentSale Type:
ID: 4475255
-
Tenancy: Multi
Escrow Length: -
Document No: 31013-1419
No. of Tenants: 5
Legal Desc: GROUND LEASE PARCEL:A portion of lots 1 through 9, inclusive, and Lots 31 through 40, inclusive, Block L, AMENDED PLAT OFHALLANDALE PARK NO. 6, according to the Plat thereof, as recorded in Plat Book 17, Page 56, of the ...forthe remainder see deed.
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Tenants at time of sale: Broward Family Medical Ctr; Community Orthopedics & Ctr; Hca Onestep Patient Transfer;Lifestyles...,Fashion Accessories For Women, Inc; Tamarac Mold Pros
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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Transaction Notes
The information for this report has been verified with a source deemed reliable.
On June 1, 2018 Ventas, Inc. sold the leasehold interest in a group of medical office buildings totaling 179,000 square feet to HCAManagement Services L.P. for $55.25 million, or approximately $309 per square foot.
The buyer owns the leased fee interest in the properties and essentially terminated the ground lease to acquire the properties.
The properties were approximately 93% occupied at the time of sale. A 6.2% cap rate was reported. Operating expenses wereapproximately $11 per square foot.
This was an arm's length transaction.
Income Expense Data
Cash Flow
$3,425,500
- Capital Expenditure
- Debt Service
Net Operating IncomeEstimated Net Income
Bldg Type: Medical
B
5,522 SF
Class:
Total Avail:
Bldg Vacant:
Tenancy:
Owner Type:
Owner Occupied
0 SF
Multi
Medical
No
Bldg Status: Built in 2007
100.0%
$28.50
% Leased:
Rent/SF/Yr:
Typical Floor Size:
Land Area:
Elevators:
Zoning: 15,423 SF
6.03 AC
0
R-4A, B-6
Current Building Information
RBA: 30,848 SF
Core Factor: -
Stories: 2
Building FAR: 0.12
Parking: 210 free Surface Spaces are available; Ratio of 6.80/1,000 SF
Expenses: 2018 Tax @ $5.08/sf; 2018 Combined Est Tax/Ops @ $8.00/sf
Property Mix: Office
ID: 6735314
(100.0%)
Location Information
South Florida
NW Broward/Coral Springs/NW Broward/Coral Springs
Metro Market:
Submarket:
County: Broward
Park Name: University Hospital & Medical Cente
CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
DMA: Miami-Ft Lauderdale, FL
CSA: Miami-Fort Lauderdale-Port St. Lucie, FL
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7225 N University Dr - University Hospital & Medical Cente SOLD30,848 SF Class B Medical Building Built in 2007 (con't)
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Parcel Number: -
-Legal Description:
County: Broward
Plat Map: 7225 N University Dr
7225 N University Dr - University Hospital & Medical Cente SOLD30,848 SF Class B Medical Building Built in 2007 (con't)
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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8001-8085 W McNab Rd1 For Sale: $4,150,000 ($138.82/SF)Tamarac 29,895 SF GeneralRetail/Storefront Retail/Office
8001-8085 W McNab Rd2 Sold: $3,000,000 ($100.35/SF)Tamarac 29,895 SF GeneralRetail/Storefront Retail/Office
8199 W Mcnab Rd3 For Sale: $2,789,000 ($717.89/SF)Tamarac 3,885 SF General Retail/Bank
8201 W Mcnab Rd4 Sold: $1,100,000 ($140.45/SF)Tamarac 7,832 SF Class B Office/Medical
8301 W Mcnab Rd5 Sold: -Tamarac 0.69 AC Land
8333 W McNab Rd6 Sold: $3,800,000 ($89.45/SF)Tamarac 42,481 SF Class B Office/Medical
7225 N University Dr (Part ofPortfolio)
7 Sold: $9,779,985 ($317.04/SF)Tamarac 30,848 SF Class B Office/Medical
Address City Property Info Sale Info
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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0
0
1
0
0
1
$0
$0
$3,800,000
$0
$0
$3,800,000
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
2Q17: 4/1/2017-6/30/2017
$500k - $1.49M
Less than $500k
$1.5M - $4.9M
$5M - $9.9M
$10M and above
Totals
# of Records % of Records Dollar Volume % of Dollar Volume
0
0
1
0
0
1
$0
$0
$3,000,000
$0
$0
$3,000,000
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
3Q17: 7/1/2017-9/30/2017
$500k - $1.49M
Less than $500k
$1.5M - $4.9M
$5M - $9.9M
$10M and above
Totals
# of Records % of Records Dollar Volume % of Dollar Volume
0
1
0
0
0
1
$0
$1,100,000
$0
$0
$0
$1,100,000
0.0%
100.0%
0.0%
0.0%
0.0%
100.0%
0.0%
100.0%
0.0%
0.0%
0.0%
100.0%
4Q17: 10/1/2017-12/31/2017
$500k - $1.49M
Less than $500k
$1.5M - $4.9M
$5M - $9.9M
$10M and above
Totals
# of Records % of Records Dollar Volume % of Dollar Volume
1Q18: 1/1/2018-3/31/2018
No Data
0
0
0
1
0
1
$0
$0
$0
$9,779,985
$0
$9,779,985
0.0%
0.0%
0.0%
100.0%
0.0%
100.0%
0.0%
0.0%
0.0%
100.0%
0.0%
100.0%
2Q18: 4/1/2018-6/30/2018
$500k - $1.49M
Less than $500k
$1.5M - $4.9M
$5M - $9.9M
$10M and above
Totals
# of Records % of Records Dollar Volume % of Dollar Volume
3Q18: 7/1/2018-9/30/2018
No Data
Sale Distribution by Price
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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4Q18: 10/1/2018-12/31/2018
No Data
0
0
2
0
0
2
$0
$0
$6,939,000
$0
$0
$6,939,000
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
0.0%
0.0%
100.0%
1Q19: 1/1/2019-3/31/2019
$500k - $1.49M
Less than $500k
$1.5M - $4.9M
$5M - $9.9M
$10M and above
Totals
# of Records % of Records Dollar Volume % of Dollar Volume
0
1
4
1
0
6
$0
$1,100,000
$13,739,000
$9,779,985
$0
$24,618,985
0.0%
16.7%
66.7%
16.7%
0.0%
100.0%
0.0%
4.5%
55.8%
39.7%
0.0%
100.0%
Total
Totals
$10M and above
$5M - $9.9M
$1.5M - $4.9M
$500k - $1.49M
Less than $500k
% of Dollar VolumeDollar Volume% of Records# of Records
Survey Criteria
basic criteria: Type of Property - Office, Flex, Retail, Land; Sale Status - Under Contract/Pending, Sold, ForSale; Sale Type - Investment, Owner/User; Return and Search on Portfolio Sales as Individual Properties -Yesgeography criteria: Geography - User Defined Searchadditional criteria: - * This result set has been amended with criteria to add and/or remove records.
Sale Distribution by Price
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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Dollar Volume # of Transactions
Cap Rate Average Price Per SF
Legend:
Current Survey
Sold Transactions5
$17,679,9852
$6,939,000Number of TransactionsTotal Dollar Volume
111,05613.11
33,7804.55
Total Bldg Square FeetTotal Land in Acres
571,072$4,419,996
198,198$3,469,500
Total Land in SFAverage Price
27,764$159.20
16,890$205.42
Average Number of SFAverage Price Per Bldg SF
$120.402.62
$428.362.28
Median Price Per SFAverage Number of Acres
114,214-
99,099-
Average Number of SF(Land)Average Price Per Unit
--
--
Median Price Per UnitAverage Number of Units
$1,423,509$32.68 $35.01
Average Price Per AcreAverage Price Per SF(Land)
SoldTransactions
For Sale &UC/Pending
$1,525,055
$1,308,887 $1,529,268Median Price Per Acre
$30.05 $35.11Median Price Per SF(Land)6.90% 7.90%Actual Cap Rate
Time Interval - Quarterly
Report Time Frame: 4/1/2017 - 3/15/2019
Survey Criteria
basic criteria: Type of Property - Office, Flex, Retail, Land; Sale Status - Under Contract/Pending, Sold, ForSale; Sale Type - Investment, Owner/User; Return and Search on Portfolio Sales as Individual Properties -Yes
geography criteria: Geography - User Defined Search
Trend Report
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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additional criteria: - * This result set has been amended with criteria to add and/or remove records.
Trend Report
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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Trend Report
3Q17 07/1-9/30/172Q17 04/1-6/30/17
For Sale & UC/Pending For Sale & UC/Pending
2Q17 04/1-6/30/17 3Q17 07/1-9/30/17
Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)Actual Cap Rate
Sold TransactionSold Transaction
1$3,800,000
42,4812.75
119,790$3,800,000
42,481$89.45$89.45
2.75119,790
---
$1,381,818$31.72
$1,381,818$31.726.90%
0$0
0---0------------
1$3,000,000
29,8952.75
119,790$3,000,000
29,895$100.35$100.35
2.75119,790
---
$1,090,909$25.04
$1,090,909$25.04
-
0$0
0---0------------
2Q18 04/1-6/30/184Q17 10/1-12/31/17
For Sale & UC/Pending For Sale & UC/Pending
4Q17 10/1-12/31/17 2Q18 04/1-6/30/18
Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)Actual Cap Rate
Sold TransactionSold Transaction
1$1,100,000
7,8320.89
38,768$1,100,000
7,832$140.45$140.45
0.8938,768
---
$1,235,955$28.37
$1,235,955$28.37
-
0$0
0---0------------
1$9,779,985
30,8486.03
262,667$9,779,985
30,848$317.04$317.04
6.03262,667
---
$1,621,888$37.23
$1,621,888$37.23
-
0$0
0---0------------
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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Trend Report
1Q19 01/1-3/15/193Q18 07/1-9/30/18
For Sale & UC/Pending For Sale & UC/Pending
3Q18 07/1-9/30/18 1Q19 01/1-3/31/19
Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)Actual Cap Rate
Sold TransactionSold Transaction
1$0
00.69
30,056-0--
0.6930,056
--------
0$0
0---0------------
0$0
0---0------------
2$6,939,000
33,7804.55
198,198$3,469,500
16,890$205.42$428.36
2.2899,099
---
$1,525,055$35.01
$1,529,268$35.117.90%
Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019
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