Historical Office Sale Listing - Bank of America at Grove East

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Bank of America at Grove East

3800 W Broward Boulevard, Plantation, FL 33312

N/A

32,688 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
32,688 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
8.22%
Occupancy:
100%
Building Class:
B
Tenancy:
Multiple
Lot Size:
0.83 AC
Listing ID
17300654
Last Updated
over 1 year ago

Description

The property is located at 3800 W Broward Boulevard and is situated within the Plantation sub-market of Fort Lauderdale, Florida. The property is a class B 32,688-rentable square foot office building that fronts West Broward Boulevard, just east of State Road 441 and the Florida Turnpike. The location is very favorable for its accessibility to the Miami Dade, Broward and West Palm Beach markets.

The property is 100 percent occupied by two tenants: Bank of America with seven years left on their lease and Chrysalis Health who will be signing a brand new 10 year lease at closing. The property is currently the corporate headquarters for Chrysalis Health, a fast growing healthcare company specializing in mental health services with over seven locations in the tri-county area and over 400 employees. This opportunity will provide an investor long term stable cash flow with annual escalation and little to no management requirements.

Map of 3800 W Broward Boulevard, Plantation, FL 33312 (Broward County)

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Created 8/22/2011