University Office Park 3 Office Properties Offered at $13,470,551 in Davie, FL

This asset represents a highly stable, cash-flowing investment with a proven track record of consistent occupancy and strong net operating income. Over the past 15 months, the property has achieved an average occupancy rate of +95%, underscoring its tenant stability and dependable revenue stream. The asset continues to attract steady leasing activity and regular inquiries, reflecting strong market demand for well-located, flexible office space. On a conservative underwriting, a prospective buyer could increase NOI by approximately $50,000 upon lease-up of the vacant suites, assuming a base rent of $22/Sqft. The property currently has an average total rental rate of $29/Sqft, while the submarket average, according to CoStar, is $39/Sqft, highlighting significant upside potential in rental income. With a generous parking ratio of 5.42 spaces per 1,000 square feet, the property can support a wide variety of professional and commercial uses. As a single-story, multi-tenant office building, it also benefits from lower operating costs and reduced management intensity. Strategically located on University Drive (±50,500 vehicles per day), the property offers excellent visibility and ease of access, with dedicated turn lanes from both northbound and southbound directions. Its proximity to Florida’s Turnpike and I-595 provides seamless regional connectivity.