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5480-5492 Griffin Rd, Davie FL 33314

Commercial Recently Sold
$2,750,000

BTC: 28.03261978

ETH: 809.38057369

Sold on: 2022-11-16
155 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Humana Medical Plan Inc, the tenant, is a Fortune 500 Company whose subsidiary Elite Health provides a wide range of medical services. The 2 folios; 5480 & 5492 Griffin Rd have a building of 4,726 sf completed in 2017 on a 25,060sf lot with 26 parking spots. The 7-year lease commenced on Oct 2 2016. The last year of the lease commencing Sept 1, 2022 has an NOI of $131,345. Landlord’s responsibilities are limited to maintenance of the roof & structure. The tenant must give notice to exercise their first of 2 five-year renewals by 04/30/23. The NOI in the first year of the option is $135,286 with 3% increases annually. If the tenant (whose current rent is below- market) does not exercise its option it is projected that a new tenant would pay $37.50/sf generating an NOI of $169,012.

Location

Florida • Davie • 33314 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
Common / Guest
Year Built:
2017
Lot:
25060 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Flooring

    • Ceramic Floor

    • Tile

  • Parking

    • Common

    • Guest

    Lot

    • Lot: 25060 Square Feet

    Other Property Information

    • Parcel Number: 504126110010

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Other financial information

    • Annual tax amount: $20,445

  • Source details

    • MLS ID: A11195127

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Central Business District

    • Window Features: Clear Impact Glass / Complete Impact Glass

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty