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1920 Corporate Place 1920 E Hallandale Beach Blvd 147,910 SF 97% Leased Office Building Hallandale Beach, FL 33009 $25,700,000 ($173.75/SF) 5.85% Cap Rate
Investment Highlights
- LOCATION, LOCATION, LOCATION! OCEAN & INTRACOASTAL WATER VIEWS! UPSIDE POTENTIAL!
- HUGE UPSIDE POTENTIAL. REDEVELOPMENT POTENTIAL. RENTAL RATE INCREASES. RENEWALS, ZONING, CHANGE TO NNN LEASES
- NEAR TO EVERYTHING- MIAMI TO SOUTH AND FT. LAUDERDALE TO NORTH, US 1, A1A, I-95, HOLLYWOOD, AVENTURA
- RENTS $40-$46 SF GROSS LEASES
- THIS BUILDING OWNS "AIR RIGHTS" TO BUILDING NEXT DOOR. HBB EAST ZONING, CAN BUILD UP TO 25 STORIES HIGH
- ONLY BUILDING WITH HURRICANE IMPACT WINDOWS & GENERATOR (EXCEPT NEW BUILDINGS)
Executive Summary
LOCATION, LOCATION, LOCATION! CAN'T GET BETTER THAN THIS LOCATION FOR THE PRICE! OCEAN, INTRACOASTAL VIEWS!
HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT/RENEWALS, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING (CAN BUILD UP TO 25 STORIES HIGH, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $40 SF TO $46 SF GROSS. SHORTER TERM LEASES- GOOD FOR DEVELOPER AND CAN INCREASE RENTS HIGHER THAN ANNUAL 5% INCREASES.
CURRENTLY PUTTING IN 2 NEW ELEVATORS. BRAND NEW CABS, CABLES, MECHANICS AND ELECTRONICS. FIRST ELEVATOR COMPLETED AND OPERATING, 2ND ELEVATOR SCHEDULED TO BE COMPLETED END OF APRIL.
BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 94-100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 72,000 GROSS SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES.
THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER! CALL FOR CURRENT PACKAGE AND NUMBERS.
CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.
HUGE UPSIDE POTENTIAL WITH CONSTANT RENTAL RATE INCREASES, INCREASES IN TENANT'S RENT/RENEWALS, RE-DEVELOPMENT OPPORTUNITY WITH HBB-EAST ZONING (CAN BUILD UP TO 25 STORIES HIGH, AND OWNING "AIR RIGHTS" TO BUILDING NEXT DOOR! NEW OWNER CAN ALSO CHANGE CURRENT GROSS LEASES TO NNN. RENTS $40 SF TO $46 SF GROSS. SHORTER TERM LEASES- GOOD FOR DEVELOPER AND CAN INCREASE RENTS HIGHER THAN ANNUAL 5% INCREASES.
CURRENTLY PUTTING IN 2 NEW ELEVATORS. BRAND NEW CABS, CABLES, MECHANICS AND ELECTRONICS. FIRST ELEVATOR COMPLETED AND OPERATING, 2ND ELEVATOR SCHEDULED TO BE COMPLETED END OF APRIL.
BEAUTIFULLY RENOVATED & MAINTAINED 10-STORY BOUTIQUE OFFICE BUILDING, FOR SALE, IN PRIME LOCATION. BUILDING IS CONSISTANTLY 94-100% LEASED AND CONSISTS OF 147,810 GROSS SF WHICH INCLUDES 6-STORIES OF OFFICE SPACE FOR LEASE OF APRX. 72,000 GROSS SF AND 4-STORIES OF PARKING GARAGE WITH APRX. 196 COVERED PARKING SPACES.
THERE IS A DEAL TO BE MADE WITH THE RIGHT BUYER! CALL FOR CURRENT PACKAGE AND NUMBERS.
CALL OR EMAIL PAMELA A WETMORE AT 954-614-7030, OR AT MurrayREInc@aol.com INFORMATION OR TO SCHEDULE AN APPOINTMENT TO TOUR THE BUILDING.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$1,503,351
|
$10.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $1,503,351 |
| Annual Per SF | $10.16 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
147,910 SF
Building Class
B
Year Built/Renovated
1972/1998
Price
$25,700,000
Price Per SF
$173.75
Cap Rate
5.85%
NOI
$1,503,351
Percent Leased
97%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
15,400 SF
Slab To Slab
12’
Building FAR
5.66
Lot Size
0.60 AC
Zoning
HBB EAST - 18-02 - Office Building, Multi-Tenant HBB EAST- CAN BUILD UP TO 25 STORIES HIGH. RESIDENTIAL UP TO 50 UNITS PER ACRE. CAN RE-DEVELOP
Amenities
- Bus Line
- Conferencing Facility
- Food Service
- Property Manager on Site
- Signage
- Accent Lighting
- Hardwood Floors
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 51-42-26-08-0110 | Improvements Assessment | $8,801,910 (2026) |
| Land Assessment | $523,700 (2026) | Total Assessment | $9,325,610 (2026) |
Property Taxes
Parcel Number
51-42-26-08-0110
Land Assessment
$523,700 (2026)
Improvements Assessment
$8,801,910 (2026)
Total Assessment
$9,325,610 (2026)
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1920 Corporate Place | 1920 E Hallandale Beach Blvd
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