UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,234 sqft
Price per Sqft $384
MLS Listing ID A11951654
Style Detached
HOA Y/N No
Year Built 2010
Annual Tax Amount $28,927
Lot Size 8,481 Sqft
Property Sub-Type Industrial
Property Description
The building has been upgraded throughout, featuring a new roof, impact windows and doors, commercial-grade A/C systems, and high-end interior and exterior finishes creating a true turnkey environment with a clean, contemporary presence ideal for professional, medical, wellness, or retail users.
For investors, the asset delivers an in-place cap rate of approximately 6.1% with additional upside through lease optimization and rent growth. The property is configured into four retail/office suites supported by 16 on-site parking spaces, providing diversified income and operational flexibility in a high-demand submarket.
For owner-users, establish your headquarters while your property works for you occupy one suite and lease the remaining spaces to offset operating costs and build equity in a modern, income-producing asset.
A rare combination of location, condition, and cash flow, 2990 Griffin Road stands as a strategic acquisition for those seeking both immediate performance and long-term value in South Florida's thriving commercial landscape.
Location
State FL
County Broward
Area 3070
Exterior
Private Pool Yes
Building
Architectural Style Detached
Others
Tax ID 504232120010
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11951654
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."