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Freestanding Building - Cap Rate of 7.97%

  SOLD October 2011 for $550,000

1632 E. Atlantic Boulevard, Pompano Beach, Florida 33060


Building Size8,118 Square Feet
Land Size0.35 Acres
ZoningB-1
ElectricYes
Year Built1974
ConstructionYes
RoofYes
SewerYes
Parking24 Spaces
WaterYes

This 100% occupied multi-tenant retail building offers an investor stable long-term cash flow with the potential for future rental rate increases to market.  The property is being offered as an estate sale for disposition after almost 30 years of ownership.  The building has been well maintained by ownership with a new roof about 5 years ago. The property fronts on busy Atlantic Blvd yielding great exposure and visibility.  Prior owner did not keep rental rates up to market and we believe upside can be realized in future income.  This easily maintained, well located asset represents an excellent value for a savvy investor.  For more information visit the property web site at http://sale.svn.com/94224


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

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