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Sold

5480-5492 Griffin Rd

5480-5492 Griffin Rd, Davie, FL 33314

$2,750,000

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.

4,726 Sq.Ft. LIVING AREA

0.575 Acres lot

Jai Magner Koch

title Realtor®
PHONE 3059846966
EMAIL [email protected]

Features & Amenities

Interior

Flooring Ceramic Floor, Tile

Area & Lot

Status Sold
Living Area4,726 Sq.Ft.
Lot Area0.575 Acres
MLS® IDA11195127
TypeCommercial
YEAR BUILT2017

Exterior

STORIES1
water SourcePublic
lot featuresCentral Business District
parkingCommon, Guest, Handicap Parking
sewerPublic Sanitation
Disability FeaturesHandicap Parking
security FeaturesSecurity Lights

Financial

Sales Price$2,750,000
Real Estate Tax $20,445/yr

Work With Jai

As a multilingual agent who's a native of Miami and an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you and will work tirelessly to fulfill your needs.

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Contact Details

Jai Magner Koch

Phone

(305) 984-6966

[email protected]

Address

1682 Jefferson Ave. Miami Beach, FL 33139

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5480-5492 Griffin Rd

$2,750,000

Jai Magner Koch

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Work With Jai

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Contact Details

Jai Magner Koch

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