6200 Johnson St
Hollywood, FL 33024
Retail Property For Sale

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 6200 Johnson Street, Hollywood Florida. The total leasable square footage is 9,652 SF situated on a 35,870 sf lot. Property is currently occupied by 5 tenants and has only 2 vacancies (5,427 sf vacant). When fully leased this property will net $153,765 annually which will provide an investor with a projected 8.54% capitalization rate at the full asking price of $1,800 000. This is an excellent opportunity for an owner­user to occupy 5,472 SF and lease the balance of the building out to offset carrying costs. The recent closed retail sales have sold on average of $234.10 a square foot. This property is being offered at only $186.48 per sf which is below recent sales. This is an excellent opportunity to invest in the retail space market. South Florida's strong economy, favorable demographics, and the large number of visitors that come to the area every year have continued to support the metro's retail sector. Please remember to not disturb existing tenants. Please call the listing broker for additional information and a complete tour.