5800-5846 Stirling Rd
Hollywood, FL 33021
Poinciana Plaza · Retail Property For Sale

LOCATION, LOCATION, LOCATION. One-story neighborhood shopping center in the heart of Hollywood, FL., very near to Hard Rock Casino, up the street. Very busy corridor on Stirling Rd., over 40,000 + cars per day pass by daily. Huge potential upside as rents are far below market rents. Rents on 441, for a similar property, across from Hard Rock Casino, are at $30 sf with $5+ sf expenses NNN. Current rents at subject property are at $19.54 sf. gross. Rents in market are at $29-$30 sf gross. Current rents at subject property are way below market. UPSIDE POTENIAL, HUGE!!! Owner will provide owner financing with $2-$2.5 million dollars down, for not more than 5 years, at substantially less than market rates!!! (in the 3% range). Other terms negotiable. Property is 100% leased, consistently, with very good tenant mix. Perfect for 1031. Twenty four (24) units available for lease, with 16 total tenants. Owner is presently putting on a new roof ($125,000), with full warranty), and is estimated to be completed by Thanksgiving 2017. Property very well maintained and landscaped. Near to I-95, Turnpike & 441 (State Rd 7)