FOR SALE / LEASE

8401 W Oakland Park BoulevardSUNRISE, FL 33351

Partnership. Performance

Highly Exposed Freestanding Retail Building Avison Young is pleased to present the opportunity to lease or acquire the property located at 8401 W Oakland Park Boulevard in Sunrise, FL. Popular Bank is currently operating out of this 4,942 SF free-standing building on a hard signalized corner possessing exposure in excess of 175 ft. along West Oakland Park Boulevard. The land carries with it a location, zoning, and lot size that allows for continual appreciation, and flexibility to pursue a variety of redevelopments upon Popular Bank’s lease expiration.

Myles Stepner, AssociateD 305 447 7870 myles.stepner@avisonyoung.com

Emily Brais, AssociateD 305 447 7858 emily.brais@avisonyoung.com

Michael T. Fay, Principal, Managing Dir.-MiamiD 305 447 7842michael.fay@avisonyoung.com

PROPERTY STATS

Address 8401 W Oakland Park Blvd

Submarket Sunrise

Parcel ID 4941-21-03-0165

Total Lot Size 47,916 SF | 1.1AC

Adjusted Area 4,942 SF

Zoning B-2

Year Built 1982 / 1992

$3M SALE / $35 NNN LEASE

INVESTMENT HIGHLIGHTS

Partnership. Performance

New owner can collect short-term rental income for the remaining two year lease

term while pursuing redevelopment plans.

Extensive frontage along West Oakland Park Boulevard, 41,000 AADT, with a

signalized turn lane into Property along NW 84th Ave.

The property has B-2 zoning, allowing for professional and medical offices,

restaurants with drive thru, banks and much more. For more specific guidance

permitted uses click here B-2 Zoning Sunrise,FL .

The property is turn-key for a bank operator and possesses 4 drive-thru

lanes.

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

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

Over $1 billion worth of real estate development is planned for the City's Business and Entertainment District

Average household income of $58,614

Estimated median age is 37.2 years

Home to the 20,000-seat BB&T Center arena

Home to Sawgrass Mills Mall - Florida’s #2 tourist attraction, behind only Walt Disney World

Partnership. Performance

•

• 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.

PLACE HOLDER IMAGE

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) South Florida’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.

W OAKLAND PARK BOULEVARD (41,000 AADT)

NW

84TH AVE

8401 W Oakland Park Boulevard

SUBJECT PROPERTY

1. METROPICA

PROPOSED AND UNDER CONSTRUCTION DEVELOPMENTS

2. TAMARAC VILLAGE9399 W COMMERCIAL BLVD

3. VISTA VERDE AT SUNRISE4151 N PINE ISLAND RD

6. 3469 N UNIVERSITY DR

4. AC HOTELS BY MARRIOTT12801 W SUNRISE BLVD

5. GL HOMES CORPORATE OFFICE PARK

BB&T CENTER

SAWGRASS MILLS

SAWGRASS INTERNATIONAL CORPORATE PARK

1. METROPICA - (1800 NW 136th Ave) is a 4-million-square foot project directly across the street from Sawgrass Mills. Across it’s 65 acres will span eight residential towers, soccer fields, a central park, private beach club, two hotels and street level retail.

2. TAMARAC VILLAGE - (9399 W. Commercial Blvd) 401 apartments, 35,000 square feet of commercial/retail space, and 1,124 parking spaces. There would also be a 0.75-acre public park, a 0.53-acre private recreation area for residents, and an 8,885-square-foot clubhouse.

3. VISTA VERDE AT SUNRISE - (4151 N. Pine Island Rd) 288 apartments to replace existing outlier retail located at the Village Shoppes at Pine Plaza in Sunrise. Development plans to include a clubhouse and pool.

4. AC HOTEL BY MARIOTT - (12801 W.Sunrise Blvd) 174-room AC Hotel by Mariott will be located on the grounds of the popular Sawgrass Mills and be the first new hotel in Sunrise in 15 years and the first AC Hotel Brand in Broward County.

5. GL HOMES CORPORATE OFFICE PARK - (Sunrise Blvd & NW 136th St) GL Homes is proposing a 32-acre master plan development to include a major company corporate or regional headquarter, as well as retail and multi-family component.

6. LUXCOM DEVELOPMENT - (3469 N. University Drive) Proposed multi-family project to include 235 garden style apartments, in addition to existing retail anchored by Aldi Grocery Store.

Myles Stepner, AssociateD 305 447 7870 myles.stepner@avisonyoung.com

Emily Brais, AssociateD 305 447 7858 emily.brais@avisonyoung.com

Michael T. Fay, Principal, Managing Dir.-MiamiD 305 447 7842michael.fay@avisonyoung.com

$3M SALE / $35 NNN LEASE