Villagio Di Las Olas
Total Page：16
File Type：pdf, Size：1020Kb
VILLAGIO DI LAS OLAS Offering Memorandum 1103-1111 E Las Olas Blvd Ft Lauderdale FL 33301 Morgan Whitney | Commercial Division 235 Lincoln Rd Suite 307| Miami Beach FL 33139 1110 Brickell Ave Suite 102| Miami FL 33131 T. 305-345-3738 | F. 305-675-0461| Off. 888-335-8585 [email protected] - www.morganwhitney.com VILLAGIO DI LAS OLAS I N V E S T M E N T H I G H LI G H T S Representative Photo LOCATION PROPERTY TENANTS ✓ Prime Location on Las Olas Blvd ✓ Mixed use – Restaurants and office ✓ 3 well known Restaurants current with waterfront Spaces operating ✓ Close proximity to downtown and Ft ✓ Covered parking managed by Asta ✓ 2 Office Spaces Lauderdale Beach Parking ✓ Strategically Located Property, ✓ Attractive Rental Escalations | 4.00% ✓ Long term history of 100% occupancy well Positioned Within A Percent Rental Increases Annually with little turnover Dense Retail Corridor ✓ Stable Tenant Mix ✓ Walking distance to retail and ✓ Well maintained property on high banks visibility road ✓ Strong Traffic Counts | Average ✓ Property Size: 26,780 Sq. Ft. daily traffic count +/- 22,000 cars per day ✓ Close proximity to Ft Lauderdale - Hollywood International Airport and major highways such as I-95, 595 and Florida Turnpike. 1103-1111 E Las Olas Blvd. Ft Lauderdale FL 33301 Financial Analysis ✓ PRICE $7,499,000 ✓ CAP 5.1% ✓ RENT $469,488.00 Property Description Property Villagio Di Las Olas Property Address 1103-1111 E Las Olas Blvd City, State, ZIP Ft Lauderdale FL 33301 Folio 5042 11 07 0970 Building Size (Square Feet) 26,780 Primary Zone Mixed use – store and office or store and residential or residential combination Floors: 2 Units 3 Restaurants, 2 office spaces Parking 27 covered parking Year Built 1968 The Offering Purchase Price $7,499,000.00 CAP Rate 5.1% Annual Rent $469,488.00 Price / SF $280.02 Villagio Di Las Olas Financials Asking Price: $7,499,000.00 principles of Services, Inc. Steak & Lube. It was ranked the 14th largest franchisee in the United States. In 1998, Doherty purchased six existing Applebee’s on Long Island with the rights for further development. Doherty currently operates 22 Applebee’s on Long Island. Doherty received Applebee’s “Heart of Applebee’s” award, which is an award in recognition of a company that models best people practices in their workplace and makes a difference in the lives of their employees and their communities. Villagio Di Las Olas Location Overview SURROUNDING RETAIL & POINTS OF INTEREST Las Olas Boulevard is at the forefront of restaurants, sidewalk cafes, bars, fashion boutiques, galleries and much more. It connects Downtown Ft Lauderdale with A1A and Fort Lauderdale Beach- Atlantic Ocean. Villagio Di Las Olas Surrounding Area Subject Property Villagio Di Las Olas SUBJECT PROPERTY Property Photos Villagio Di Las Olas Regional Map Villagio Di Las Olas SUBJECT PROPERTY State Map Villagio Di Las Olas SUBJECT PROPERTY Demographics Ft Lauderdale Villagio Di Las Olas.