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3800 N University Dr
Cooper City, FL 33024
Multi-Tenant Building at Monterra Commons · Retail Property For Sale
Investment Highlights
- Rare opportunity to purchase a newly constructed shopping center in one of the fastest-growing areas of Broward County
- Collectively 11.2 years of Weighted Average Lease Term (W.A.L.E.); current leases commence in Q4 of 2023 and Q1 2024
- Strong demographics – estimated average household income of $99,749 and the average house value is $409,078 all within a 1-mile radius
- The shopping center is currently 100% occupied by a mix of nationally credited tenants and regional tenants
- The site has excellent exposure and frontage on N University Drive –totaling traffic counts exceeding 44,000 vehicles per day
- Development projects directly surrounding the site include several hundred apartment units as well as a newly constructed Memorial Hospital Pembroke
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,640 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.04 AC
Zoning
C - Commercial
Parking
713 Spaces (61.25 Spaces per 1,000 SF Leased)
Frontage
1,820’ on University Drive
Amenities
- Bus Line
Property Taxes
| Parcel Number | 51-41-04-03-0090 | Improvements Assessment | $0 |
| Land Assessment | $10 | Total Assessment | $10 |
Property Taxes
Parcel Number
51-41-04-03-0090
Land Assessment
$10
Improvements Assessment
$0
Total Assessment
$10
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