• Proposed Sawgrass Plaza - 8456 W Commercial Blvd, Fort Lauderdale, FL 33351

For Sale

Retail

For Sale

This property is available for sale
6.48
Acres
$5,200,000
Sale Price
  • Year Built
    2019
  • Total Building Size
    60,000 RSF
  • Overview

    Price significantly reduced to $5,200,000 down from $6,000,000! Great opportunity to purchase or to enter as a Joint Venture Development partner to complete the development, construction, and stabilization of the "Sawgrass Plaza" multi-tenant retail property. Sawgrass Plaza will contain approximately 60,000 square feet of Net Rentable Area ("NRA"), situated on a 6.4279-acre site that is currently vacant.
    Sawgrass Plaza is fully entitled, and is currently 50 percent pre-leased. Located less than two miles east of the Sawgrass Expressway (SR 869) and about one-half mile west of North University Drive (SR 817), the site is within the municipality of Lauderhill, in the western portion of Broward County, Florida.
    OFFERING PROCEDURE
    The property owner is interested in a joint venture partnership with an experienced and well-capitalized retail developer, and would like to receive joint venture proposals from interested candidates. Secondarily, the property owner may consider an outright sale of the Fee Simple Interest in the site, along with all development approvals, entitlements, architectural, engineering, and pre-leasing.
    Location
    South side of Commercial Blvd between N University Drive, less than 1/4 mile from N Pine Island Drive. Less than 2 miles East of on and off ramp access to Sawgrass Expressway. Close proximity to Tamarac Village, a two-phase , Mixed Use project with 411-luxury rental units and retail.

    Highlights

    • Price Reduced to $5,200,000
    • 60000 SF JV Retail Development Opportunity
    • 50% Pre-Leased!
    • Less than 1/4 mile from Newly Developed Tamarac Village
    • Less than 2 miles East of Sawgrass Expressway
    • 1000 SF Frontage on W Commercial Blvd
    • Traffic Count in Excess of 50,000 AADT

Contact or Call

Property Details

Price significantly reduced to $5,200,000 down from $6,000,000! Great opportunity to purchase or to enter as a Joint Venture Development partner to complete the development, construction, and stabilization of the "Sawgrass Plaza" multi-tenant retail property. Sawgrass Plaza will contain approximately 60,000 square feet of Net Rentable Area ("NRA"), situated on a 6.4279-acre site that is currently vacant.
Sawgrass Plaza is fully entitled, and is currently 50 percent pre-leased. Located less than two miles east of the Sawgrass Expressway (SR 869) and about one-half mile west of North University Drive (SR 817), the site is within the municipality of Lauderhill, in the western portion of Broward County, Florida.
OFFERING PROCEDURE
The property owner is interested in a joint venture partnership with an experienced and well-capitalized retail developer, and would like to receive joint venture proposals from interested candidates. Secondarily, the property owner may consider an outright sale of the Fee Simple Interest in the site, along with all development approvals, entitlements, architectural, engineering, and pre-leasing.
Location
South side of Commercial Blvd between N University Drive, less than 1/4 mile from N Pine Island Drive. Less than 2 miles East of on and off ramp access to Sawgrass Expressway. Close proximity to Tamarac Village, a two-phase , Mixed Use project with 411-luxury rental units and retail.

Highlights

  • Price Reduced to $5,200,000
  • 60000 SF JV Retail Development Opportunity
  • 50% Pre-Leased!
  • Less than 1/4 mile from Newly Developed Tamarac Village
  • Less than 2 miles East of Sawgrass Expressway
  • 1000 SF Frontage on W Commercial Blvd
  • Traffic Count in Excess of 50,000 AADT

  • Property Type
    Retail
  • Submarket
  • Year Built
    2019
  • Sale Price
    $5,200,000
  • Total Building Size
    60,000RSF
  • Total Acres
    6.48
  • Property ID
    2095562

Landlord's Sales Representatives

  • Nicole Messer, CCIM
    Lee & Associates
     
  • Gregory J. Laskody, CCIM
    Lee & Associates