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Aspen Building 1704-1726 N University Dr 18,446 SF 69% Leased Office Building Coral Springs, FL 33071 $5,100,000 ($276.48/SF) 2.54% Cap Rate
Executive Summary
1704 N University Drive presents a rare owner-user and investment opportunity in the heart of Coral Springs. The 18,444-square-foot medical and traditional office building offers prominent frontage and excellent visibility along University Drive, one of the area’s primary commercial corridors.
The property features a 2,800-square-foot second-generation dental office available for immediate occupancy, providing a turnkey opportunity for a dental or medical user. An owner-user may occupy up to approximately 8,300 square feet while benefiting from income generated by the building’s existing tenants.
The property is also within walking distance of numerous restaurants, shops, and everyday conveniences, providing an attractive and convenient setting for employees, patients, and clients. With its flexible medical and professional office layout, strong street presence, and strategic Coral Springs location, the property is well suited for medical practices, dental groups, professional service firms, or investors seeking an office asset with owner-user potential.
The property features a 2,800-square-foot second-generation dental office available for immediate occupancy, providing a turnkey opportunity for a dental or medical user. An owner-user may occupy up to approximately 8,300 square feet while benefiting from income generated by the building’s existing tenants.
The property is also within walking distance of numerous restaurants, shops, and everyday conveniences, providing an attractive and convenient setting for employees, patients, and clients. With its flexible medical and professional office layout, strong street presence, and strategic Coral Springs location, the property is well suited for medical practices, dental groups, professional service firms, or investors seeking an office asset with owner-user potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
18,446 SF
Building Class
B
Year Built
1987
Price
$5,100,000
Price Per SF
$276.48
Cap Rate
2.54%
NOI
$129,540
Percent Leased
69%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,149 SF
Slab To Slab
11’
Building FAR
0.42
Lot Size
1.00 AC
Zoning
B-2 - Medical and Professional Office Use
Parking
62 Spaces (3.36 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Security System
- Signage
- Central Heating
- Natural Light
- Air Conditioning
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 48-41-28-01-0670 | Improvements Assessment | $2,186,940 |
| Land Assessment | $859,480 | Total Assessment | $3,046,420 |
Property Taxes
Parcel Number
48-41-28-01-0670
Land Assessment
$859,480
Improvements Assessment
$2,186,940
Total Assessment
$3,046,420
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Aspen Building | 1704-1726 N University Dr
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