FOR SALE / LEASE

W Oakland Park Boulevard 8401 SUNRISE, FL 33351

Partnership. Performance

Highly Exposed Freestanding Retail Building PROPERTY STATS Avison Young is pleased to present the opportunity to lease or acquire the Address 8401 W Oakland Park Blvd property located at 8401 W Oakland Park Boulevard in Sunrise, FL. Popular Submarket Sunrise Bank is currently operating out of this 4,942 SF free-standing building on a hard Parcel ID 4941-21-03-0165 Total Lot Size 47,916 SF | 1.1AC signalized corner possessing exposure in excess of 175 ft. along West Oakland Adjusted Area 4,942 SF Park Boulevard. The land carries with it a location, zoning, and lot size that allows Zoning B-2 for continual appreciation, and flexibility to pursue a variety of redevelopments Year Built 1982 / 1992 upon Popular Bank’s lease expiration.

Myles Stepner, Associate Emily Brais, Associate Michael T. Fay, Principal, Managing Dir.- D 305 447 7870 D 305 447 7858 D 305 447 7842 [email protected] [email protected] [email protected] INVESTMENT HIGHLIGHTS

Extensive frontage along West Oakland Park Boulevard, 41,000 AADT, with a The property is turn-key for a bank signalized turn lane into Property along operator and possesses 4 drive-thru NW 84th Ave. lanes

New owner can collect short-term rental The property has B-2 zoning, allowing income for the remaining two year lease for residential, hotel, and office. Max term while pursuing redevelopment building height shall be sixty (60) feet, plans Lot Coverage shall not exceed 33-35%. The FAR of 0.80 for any development that reaches the four story height limitation.

The City of Sunrise is a sought-after business location for a multitude of reasons.

Past 10 years over 20,000 new jobs Estimated median age is 37.2 were created in Sunrise, the most years of any city in Broward County

Over $1 billion worth of real estate Home to the 20,000-seat BB&T development is planned for the Center arena City's Business and Entertainment District

Average household income of Home to Sawgrass Mills Mall - $58,614 ’s #2 tourist attraction, behind only Walt Disney World

Partnership. Performance • PLACE HOLDER IMAGE • Zoned B-2 Community Business District: • It allows for the vast majority of retail uses and even other product types such as residential, hotel, and office subject to certain special exceptions development requirements. The maximum building height shall be four (4) stories or sixty (60) feet, whichever is less and the Combined ground area occupied by all buildings and structures shall not exceed 33-35%. The FAR scales with building height, but caps out at 0.80 for any development that reaches the four story height limitation. W OAKLAND PARK BOULEVARD (41,000 AADT)

NW 84TH AVE

DESTINATIONS

SAWGRASS MILLS - (12801 W Sunrise Blvd, Sunrise, FL 33323) Has 2.4 Million square feet of retail space, home to 100-plus kiosks, 15 sit-down restaurants, a movie theater complex and other offerings spread across 2.4 million square feet of retail space. A new hotel is set to debut late next year: a 174-room AC Marriott, complete with a rooftop bar.

BB&T CENTER - (1 Panther Pkwy, Sunrise, FL 33323) BB&T Center is the most notable sports and entertainment venue in Florida and among the best in the world, with more than two million customers entering its doors each year. Host to more than 200 events annually including Florida Panthers hockey.

SAWGRASS INTERNATIONAL CORPORATE PARK - (1300 Concord Terrace # 110, Sunrise, FL 33323) ’s largest office park, Sawgrass International Corporate Park, features 612 acres of prime sites and facilities for corporate headquarters and regional office operations. Features a variety of business space from high-tech manufacturing and R&D to executive office suites and mid-rise Class A office projects.

Partnership. Performance 8401 W Oakland Park Boulevard

PROPOSED AND UNDER CONSTRUCTION DEVELOPMENTS

2. TAMARAC VILLAGE 9399 W COMMERCIAL BLVD

3. VISTA VERDE AT SUNRISE 4151 N PINE ISLAND RD

BB&T CENTER 6. 3469 N UNIVERSITY DR SUBJECT PROPERTY

SAWGRASS MILLS 5. GL HOMES CORPORATE OFFICE PARK

4. AC HOTELS BY MARRIOTT 12801 W SUNRISE BLVD 1. METROPICA

SAWGRASS INTERNATIONAL CORPORATE PARK

1. METROPICA - (1800 NW 136th Ave) is a 4-million-square foot project 4. AC HOTEL BY MARIOTT - (12801 W.Sunrise Blvd) 174-room AC Hotel by directly across the street from Sawgrass Mills. Across it’s 65 acres will span Mariott will be located on the grounds of the popular Sawgrass Mills and eight residential towers, soccer fields, a central park, private beach club, be the first new hotel in Sunrise in 15 years and the first AC Hotel two hotels and street level retail. in Broward County.

2. TAMARAC VILLAGE - (9399 W. Commercial Blvd) 401 apartments, 5. GL HOMES CORPORATE OFFICE PARK - (Sunrise Blvd & NW 136th St) 35,000 square feet of commercial/retail space, and 1,124 parking spaces. GL Homes is proposing a 32-acre master plan development to include a There would also be a 0.75-acre public park, a 0.53-acre private recreation major company corporate or regional headquarter, as well as retail and area for residents, and an 8,885-square-foot clubhouse. multi-family component.

3. VISTA VERDE AT SUNRISE - (4151 N. Pine Island Rd) 288 apartments to 6. LUXCOM DEVELOPMENT - (3469 N. University Drive) Proposed multi- replace existing outlier retail located at the Village Shoppes at Pine Plaza family project to include 235 garden style apartments, in addition to in Sunrise. Development plans to include a clubhouse and pool. existing retail anchored by Aldi Grocery Store.

Myles Stepner, Associate Emily Brais, Associate Michael T. Fay, Principal, Managing Dir.-Miami D 305 447 7870 D 305 447 7858 D 305 447 7842 [email protected] [email protected] [email protected]