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5480-5492 Griffin Rd

Davie, FL 33314
  • $2,750,000
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: A11195127
$2,750,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2017
County:

School Ratings & Info

Description

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. Landlords 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.

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-17T23:52:03.513.
www.pattyaccorto.com/homes/128156869
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5480-5492 Griffin Rd Davie, FL 33314

  • Price: $2,750,000
  • Status: Active
  • On Site: 111 Days
  • MLS #: A11195127
0
Beds
0
Baths
0
½ Baths
0.58
Acres
2017
Built
County:
Broward
Property Description
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. Landlords 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.
Exterior Features

Construction Materials Cbs Construction Inclusions Building & Land Lot Features Central Business District Parking Features CommonGuest Parking Total 25 Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 4726 Building Features Exterior LightingHandicap AccessibleLandscapedLawn SprinklersPlumbed For Medical Flooring Ceramic FloorTile Stories 1 Window Features Clear Impact GlassComplete Impact Glass

Property Features

Accessibility Features Handicap Parking Association YN No Business Type Medical Office Documents Available Copy Of Lease(S)Rent RollsExisting Survey Horse YN No Land Lease YN No Lease Considered YN Yes Lease Term 1 To 3 Year Lease Listing Terms All CashConventional/Refinance New Construction YN No Ownership Corporation Property Condition New Construction Public Survey Section 26 Security Features Security Lights Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Structure Type CommercialFree StandingMedical OfficeOffice/RetailProfessional Tax Annual Amount 20445 Tax Year 2021 Tenant Pays A/C & Heating MaintenanceFire Liability InsuranceGrounds CareExterior MaintenanceInterior MaintenanceReal Estate Tax Water Source Public Year Built Details Resale

Listing courtesy of Coldwell Banker Realty.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-17T23:52:03.513.
 
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