$500k Price Reduction STNL Industrial

  SOLD July 2019 for $6,800,000

4000 NW 124th Avenue, Coral Springs, Florida 33065


Documents
Building Size48,909 Square Feet
Land Size3.1 Acres
ZoningIRD
Parking102 Spaces
WaterCoral Springs
SewerCoral Springs
ElectricFPL
Year Built2008
ConstructionTilt-Wall
RoofFlat 4-Ply
HVACFully AC'd 440 Tons
SprinklersFully Sprinklered ESFR System

Marcus & Millichap, as exclusive advisor, is pleased to present for sale The Lupin Industrial Building (the “Property”), a 48,909 squarefoot, free-standing, single-tenant net-leased, Class “A” research and development facility, constructed in 2008, in Coral Springs, Florida. The building is leased to Lupin Pharmaceuticals, a global medical corporation from Mumbai, India and domestically based in Maryland.

The Property is a very well maintained and constructed flex warehouse with tilt-wall, impact glass, 24-foot clear height ceilings, dockhigh loading with concrete apron, fully air-conditioned, and with heavy power. Located in northwest Broward County, the Property is centrally situated within the Corporate Park of Coral Springs, the one-square-mile business park fronting the Sawgrass Expressway, off Sample Road and minutes from Florida’s Turnpike and Interstate 95, is home to more than 350 businesses occupying more than 4.1 million square feet of commercial, office, warehouse and manufacturing space.

The Lupin Industrial Building represents an opportunity for an investor to acquire a fully occupied single-tenant building with very low oversite, stabilized cash flow in a high-barrier-to-entry submarket supported by a highly improved and state-of-the-art underlying asset.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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