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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
No

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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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 11-Dec-2023 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2023 Buying Buddy. All calculations should be independantly verified.
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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
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