Construction Projects Near Property Plantation Medical/Professional Plaza / 4121-4141 NW 5th St

BROADSTONE 250-GARDEN STYLE APARTMENTS

PLANTATION MIDTOWN SQUARE 598 APARTMENT UNITS WITH A RETAIL COMPONENT STRATA AT PLANTATION 150-UNIT TOWNHOMES

PLANTATION WALK MIXED-USE WITH 700 APARTMENT UNITS SUBJECT PROPERTY

AMLI MIDTOWN PLANTATION 287-UNIT APARTMENT COMPLEX

CORNERSTONE/MILLCREEK’S 312 APARTMENT UNITS

• AMLI’S 287-unit apartment complex is getting closer to • PLANTATION MIDTOWN SQUARE (old American Express completion and will have a dramatic visual impact on Peters property) was recently approved for 598 apartment units Road just off of University Drive. with a retail component at the corner of Cleary Boulevard and Pine Island Road. • LAKESIDE is currently under construction for 271 apartment units along American Expressway adjacent to the Manor. • BROADSTONE, a 250-garden style apartment development located across from Plantation High School on Sunrise • PLANTATION WALK (old Fashion Mall property) was recently Boulevard, is now leasing units. approved and will contain a mix of restaurant, retail, office, hotel and a total of 700 apartment units in a truly integrated • STRATA, a 150-unit townhome development located mixed-use development. off Sunrise Boulevard near Rick Case Acura dealership, is currently under construction. • CORNERSTONE/MILLCREEK’S 312 apartment units are under construction within the Cornerstone Office Park off Pine Island Road and I-595.

David Duckworth, Principal John K. Crotty, CCIM, Principal Berkley K. Bloodworth, Associate D 954 903 3900 D 305 447 7865 D 954 938 1804 [email protected] [email protected] [email protected] Plantation Medical/Professional Plaza 4121-4141 NW 5th Street

SALES PRICE $1,395,000 ($83/SF)

Investment Highlights Property Stats –– Two story office building located a block from Plantation General Address 4121-4141 NW 5th Street Hospital in the robust Plantation submarket. Plantation, FL 33317 –– Unique opportunity available at a significant discount to replacement Submarket Plantation cost for an owner/user or a value-add investor. Parcel ID(s) 50-41-01-29-0010 –– Easily accessible in a high traffic location in proximity to SR-7, Sunrise Rentable SF 16,724 SF Boulevard, and Florida Turnpike. Lot Size 1.01 AC –– New roof with warranty. Year Built 1972 Occupancy 74% Location Parking Ratio 4.00/1,000 –– The building is located just west of State Road 7, north of West Broward Boulevard, within the growing city of Plantation, Florida. For more information, please contact: –– Adjacent to Plantation General Hospital Berkley K. Bloodworth, Associate D 954 938 1804 [email protected] $83 16,724 1.01 David Duckworth, Principal PSF TOTAL SF ACRES John K. Crotty, CCIM, Principal Area Overview Plantation Medical/Professional Plaza / 4121-4141 NW 5th St

FORT LAUDERDALE ( 141,300 AADT) W SUNRISE BLVD (69,000 AADT) COUNTRY CLUB

W BROWARD BLVD STRATA AT PLANTATION

PLANTATION GENERAL HOSPITAL PLANTATION ELEMENTARY SCHOOL

MASSEY YARDLEY JEEP CHRYSLER DODGE RAM SUBJECT PROPERTY PLANTATION FORD RICK CASE ACURA & HYUNDAI

S STATE ROAD 7 (46,000 AADT)

The Property is situated in the Plantation submarket less than a block from Plantation General Hospital, a 264-bed acute care hospital with Population: Over 1,314,837 people over 900 employees. Positioned right off SR-7 between Sunrise and within a 10 mile radius. Broward Boulevard, the site also offers easy access to the Florida Turnpike. The Plantation office submarket has consistently boasted stable fundamentals with below average vacancies and healthy rent growth. Density: Over 1514,014 households within a 10 mile radius. Tenants in the Market: - Spirit Airlines will invest $250 million in a new Dania Beach (8-miles from subject) headquarter. The airline will add 225 jobs to the Dania Beach campus and move 1,000 employees from Miramar. Income: Average household income of $78,863 within a 10 mile radius. - Firms are seeking large blocks of space in greater Fort Lauderdale, an indication that the market 30 miles north of Miami is enjoying a spillover demand and maturing into a C-Suite destination. “Alot of firms are starting to see the cost parameters are a alittle bit better in Home Value: Median home value of Broward.” - Broward County Commissioner Michael Udine in More Office $262,101 within a 10 mile radius. Tenants Chase Better Deals Outsiude Big City Center article

- Hayes Locums, a physician placement firm, announced that it is staying in Fort Lauderdale and adding 250 jobs. Employment: Daytime employment - Techtronic Industries, owner of Hoover and Dirt Devil, announced in population of 670,025 employees May a move from Maryland to downtown Fort Lauderdale, bringing within a 10 mile radius. 75 jobs to the area. Sale Comparables Plantation Medical/Professional Plaza / 4121-4141 NW 5th St

Lot Size Year Price per Sale Date Property Name Address Building SF Occ. Sale Price Notes (AC) Built SF ($)

8360 W Oakland Park Blvd Three story, Class B office building. Jul-19 Eyecast Building 23,000 0.91 100% 1979 $2,500,000 $109 A Sunrise, FL Reported 8.64% cap rate. 4100 NW 3rd Ct Two story, Class B medical office Apr-19 4100 Hospital Drive 31,935 3.18 98% 1968 $5,450,000 $171 B Plantation, FL building. Thomas Engineering 6300 NW 31st Ave Class C office building purchased by Aug-18 12,720 1.07 0% 1984 $1,425,000 $112 C HQ Fort Lauderdale, FL Thomas Engineering as owner/user. 2620 NW 4th St Jun-18 2620 Building 11,817 0.45 100% 1971 $1,217,500 $103 Single story, Class C office building. D Fort Lauderdale, FL Lauderdale Lakes 4406 W Oakland Park Blvd Jun-17 12,224 1.12 99% 1970 $1,215,000 $99 Two Class C medical office buildings. E Professional Building Lauderdale Lakes, FL

C

STATE ROAD 7

A E

W SUNRISE BLVD

SUBJECT PROPERTY B D W BROWARD BLVD