1 W Hillsboro Boulevard, Deerfield Beach, FL 33441

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1 W Hillsboro Boulevard

Deerfield Beach, FL 33441

SOLD

$1,500,000

Sold

2001

Yr. Built

MLS# RX-10885671

Property Details

Freestanding commercial building situated on the northwest corner of Dixie Hwy and Hillsboro Blvd. Built in 2001, this property contains a 2620 sq. ft building with excellent visibility to heavy traffic on Hillsboro Blvd. Close to I-95 and downtown Deerfield Bch. Located in the B1 Zoning district. The tenant has operated at the premises for many years and the lease is NNN. Lease expires 12 / 31 / 2025 with one 5-year option to renew. Cap rate is approx. 5.4% at asking price. Base rent is currently $7,182.81 (plus est. expenses) and increases 4% per year during the current term. Base rent for the entire option term would be $8,496.76. Seller prefers due diligence period of 15 days and closing 15-21 days after due diligence period.

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Property Highlights

Status

Sold

MLS Status

Closed

Price

$ 1,600,000

Property Type

Commercial

Property Subtype

Retail

Year Built

2001

Location

Subdivision

Clopton Add To Deerfield

County

Broward

Waterfront

Heating, Cooling & Utilities

Heat

Central Building

Cooling

Central Building

Utilities

Electric, Public Sewer, Public Water

Features

Flooring

Carpet, Ceramic Tile

Building Details

Construction

CBS

Type of Building

Commercial, Free Standing, Retail

Roofing

Built-Up

Lot

Zoned

B-1

Taxes & Terms

Terms

Cash

Lease Term

Subject to Lease

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Listed byPreferred Properties Intl.,incSold by

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Property History

223 days ago

Property Listed

174 days ago

Date Sold

172 days ago

Property info last updated

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All rights reserved. Information deemed reliable but not guaranteed. All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2023 Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc.

Listing Data last updated: 11th December, 2023 12:00 MST

1 W Hillsboro Boulevard - MLS#RX-10885671 - $1,600,000

Sold by Preferred Properties Intl.,inc, Cory G Hauser

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